BlackRock (BLK), Brookfield (BAM) Are Among Bidders for Aramco Gas Pipelines - Bloomberg
BlackRock Inc., Brookfield Asset Management Inc. and EIG are among investment firms that made final bids for a stake in Saudi Aramco’s natural-gas pipeline network that could fetch more than $15 billion, people familiar with the matter said.
Italian energy infrastructure operator Snam SpA, China’s state-backed Silk Road Fund Co. and Saudi government-controlled Hassana Investment Co. also made offers for the asset, the people said. Bidders are now discussing teaming up to form a consortium, the people said, asking not to be identified discussing confidential information.
Saudi state oil giant Aramco could inform suitors on the outcome of their bids as soon as this month, according to the people.
Representatives for Aramco and Snam declined to comment. Spokespeople for BlackRock, Brookfield, EIG, Hassana and Silk Road didn’t immediately respond to requests for comment.
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