Saudi Aramco Pipelines - Acquisition

Borrower (s)

Greensaif Pipelines Bidco S.À R.L.

Industry

Oil & gas/Gas - Midstream (Transportation)

Area of finance

Project & Infrastructure Finance

Region

Middle East

Countries

Saudi Arabia

Deal Overview

Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects. An investor group, led by BlackRock, acquired a 49% stake in Aramco Gas Pipelines Co. in a lease and leaseback deal in...

Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects.

An investor group, led by BlackRock, acquired a 49% stake in Aramco Gas Pipelines Co. in a lease and leaseback deal in December, according to a statement. The consortium also comprised Keppel Infrastructure Trust, Silk Road Fund, China Merchants Capital, and Saudi Arabia’s state-owned Hassana Investment Co.

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Deal Volume

$ 13.82bn

Financial Close

23 February 2022

Sources

Submitted by participant(s), Press release, Proximo article

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