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FinancialNews


  • 17-08-21

    Saudi Aramco to raise USD17B from sale of significant minority stake in gas pipelines

    (MENAFN) Reuters stated while referring to unnamed sources that Saudi Aramco plans to increase more than USD17 billion from the sale of a significant minority stake in its gas pipelines, higher than the USD12.4 billion increased from its oil pipeline deal.

    According Reuters, potential bidders including North American private equity and infrastructure funds, in addition to state-backed funds in China and South Korea were approached by Aramco through its advisers before a formal sale process kicks off in the coming few weeks.

    Ina addition, one of the anonymous sources said that the deal size may has USD3.5 billion of equity and the remainder will be funded by bank debt, as another source declared that the transaction size could top USD20 billion.

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