International Group Takes 49% Stake In Aramco Oil Pipeline Unit

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A consortium has closed a $12.4 billion deal to acquire an equity stake in Aramco Oil Pipelines Co.: (Bloomberg) -- China’s Silk Road Fund and Hassana Investment Co., controlled by the Saudi Arabian government, joined a group investing $12.4 billion in Saudi Aramco’s oil pipelines. The consortium, led by U.S. firm EIG Global Energy Partners LLC, has now closed a deal to acquire a 49% equity stake in Aramco Oil Pipelines Co., a new subsidiary, according to an emailed statement. The group includes Abu Dhabi sovereign wealth fund Mubadala Investment Co. and Samsung Asset Management.

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