EIG Global Energy Partners led consortium acquires 49% stake in Aramco’s pipeline business for $12.4 billion

In a statement U.S.-based EIG Global Energy Partners said, a consortium led by it has closed a deal to acquire a 49% stake in Saudi oil giant Aramco’s pipelines business for $12.4 billion.

The co-investment process for the deal attracted a global group of investors including from Saudi Arabia, the United States, the United Arab Emirates, South Korea and China.

Investors included Samsung Asset Management, Abu Dhabi’s Mubadala Investment Company, Silk Road Fund, and Hassana, said the company.

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