EIG-led consortium completed the acquisition of a 49% stake in the oil pipeline business of Saudi Aramco for $12.4bn.

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.