Major PE firms weigh Aramco offers
January 21, 2021- Share:
Apollo Global Management, Brookfield Asset Management and KKR are all considering bids to buy a potential $10 billion stake in Saudi Aramco's oil pipeline business, Bloomberg reported. Aramco is reportedly aiming to receive non-binding offers in February. Brookfield teamed with GIC last year on a similar deal, acquiring a $10.1 billion stake in natural gas pipelines owned by the Abu Dhabi National Oil Company.
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