Announced
Completed
Financials
Tags
Friendly
Private
Acquisition
Saudi Arabia
Private Equity
Minority
Cross Border
Pipelines
oil pipelines
crude oil
Single Bidder
Completed
Synopsis
EIG-led consortium completed the acquisition of a 49% stake in the oil pipeline business of Saudi Aramco for $12.4bn. Abu Dhabi sovereign-wealth fund Mubadala Investment was also a member of the consortium. “This transaction aligns perfectly with EIG’s philosophy of investing in high-quality assets with contracted cash flows in critical infrastructure. We look forward to a long-term partnership with Aramco and to delivering value for our investors through this landmark investment,” R. Blair Thomas, EIG Chairman and CEO.
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