Saudi Aramco said to eye $10bn from pipeline stake sale - Arabianbusiness
Brookfield Asset Management and KKR & Co are among top infrastructure investors weighing bids for a stake in Saudi Aramco’s oil pipelines, people familiar with the matter said.
Apollo Global Management and China’s state-backed Silk Road Fund Co have also been studying whether to make offers, the people said, asking not to be identified as the matter is private.
The stake sale could fetch Aramco around $10 billion, the people said.
The world’s top oil producer has asked for expressions of interest and aims to receive non-binding offers next month, according to the people.
Aramco’s advisers are also gauging interest from other potential bidders including sovereign wealth fund China Investment Corp., the people said. Some bidders may team up given the size of the transaction, they said.
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