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SoftBank may retain 10% stake, board representation after sale of India s SB Energy
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Brookfield, BlackRock no longer in race for over $10 bln Aramco pipeline stake
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Apollo is said to lead buyout group for US$10 billion Aramco deal
Dinesh Nair and Aaron Kirchfeld, Bloomberg News
Commodities Update: oil rises, copper continues decline VIDEO SIGN OUT
Apollo Global Management Inc. is leading a group of investors aiming to buy a roughly US$10 billion stake in Saudi Aramcoâs oil pipelines, people familiar with the matter said.
The buyout firmâs consortium will include U.S. and Chinese investors and has been shortlisted to make a final offer, the people said, asking not to be identified as the matter is private. Aramco, Saudi Arabiaâs state energy company, has narrowed the pool of bidders and Canadaâs Brookfield Asset Management Inc. and BlackRock Inc. are no longer involved, the people said.
Publishing date: Apr 05, 2021 • 1 hour ago • 1 minute read •
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(Bloomberg) Apollo Global Management Inc. is leading a group of investors aiming to buy a roughly $10 billion stake in Saudi Aramco’s oil pipelines, people familiar with the matter said.
The buyout firm’s consortium will include U.S. and Chinese investors and has been shortlisted to make a final offer, the people said, asking not to be identified as the matter is private. Aramco, Saudi Arabia’s state energy company, has narrowed the pool of bidders and Canada’s Brookfield Asset Management Inc. and BlackRock Inc. are no longer involved, the people said.
Brookfield Asset to buy remaining stake in troubled real estate unit
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