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Brookfield, BlackRock no longer in race for over $10 billion

HOME > BUSINESS >Brookfield, BlackRock no longer in race for over $10 billion Aramco pipeline stake -sources Brookfield, BlackRock no longer in race for over $10 billion Aramco pipeline stake -sources Reuters | Apr 06, 2021 03:49 PM EDT The logo of Aramco is seen as security personnel walk before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, (Photo : REUTERS/Hamad I Mohammed/File Photo) 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.

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

Brookfield, BlackRock no longer in race for over $10 billion Aramco pipeline stake -sources 04/06/2021 | 03:26pm EDT Send by mail : Message : Required fields DUBAI (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.

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