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Brookfield, BlackRock no longer in race for over US$10 billion Aramco pipeline stake - sources

Brookfield, BlackRock no longer in race for over US$10 billion Aramco pipeline stake - sources
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BlackRock and Brookfield no longer will vie for Aramco pipeline business stake: Reuters

BlackRock and Brookfield no longer will vie for Aramco pipeline business stake: Reuters
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Brookfield, BlackRock no longer in race for over $10bln Aramco pipeline stake - sources

Brookfield, BlackRock no longer in race for over $10bln Aramco pipeline stake - sources
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Brookfield, BlackRock no longer in race for over $10 billion Aramco pipeline stake - sources

U.S. asset manager BlackRock and Canada's Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco's pipeline business, two sources familiar with the deal said.

New yorkUnited statesSaudi arabiaUnited arab emiratesDavide barbusciaSaeed azharGreg roumeliotisMuralikumar anantharamanCheng lengThomson reuters trust principlesCanada brookfield asset management incChina investment corpAbu dhabi national oil coBrookfield asset management incGlobal managementNew york based global infrastructure partners

UPDATE 1-Brookfield, BlackRock no longer in race for over $10 bln Aramco pipeline stake -sources

(Adds EIG Partners) DUBAI, April 6 (Reuters) - U.S. asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco’s pipeline business, two sources familiar with the deal said. Apollo Global Management and New York-based Global Infrastructure Partners (GIP) are among the bidders still in the race for the deal, which could fetch Aramco over $10 billion, they said. EIG Global Energy Partners is also in the race for the pipeline assets, two separate sources said. Washington DC-based EIG provides institutional capital to the global energy industry, it says on its website.

New yorkUnited statesUnited arab emiratesSaudi arabiaDavid gregorioDavide barbusciaSaeed azharGreg roumeliotisMuralikumar anantharamanCheng lengThomson reuters trust principlesCanada brookfield asset management incGlobal energy partnersChina investment corpAbu dhabi national oil coBrookfield asset management inc