KUALA LUMPUR, June 21 -- EIG, one of the world’s leading infrastructure investors, has announced the closing of its previously-announced transaction with Saudi Arabian Oil Co (Aramco), under which a consortium of investors acquired a 49 per cent equity stake in Aramco Oil Pipelines Company (Aramco Oil Pipelines).
Aramco Oil Pipelines, a newly-formed entity with rights to 25 years of tariff payments for oil transported through Aramco’s stabilised crude oil pipeline network.
The EIG-led co-investment process in Aramco Oil Pipelines attracted a global group of leading institutional investors from China, the Kingdom of Saudi Arabia, Korea, the United Arab Emirates and the United States.
They include, amongst others, Mubadala Investment Company, an Abu Dhabi Sovereign Investor, Silk Road Fund, Hassana and Samsung Asset Management.
In a statement, EIG Chairman and CEO, R. Blair Thomas, said: “We are pleased to have completed this transaction with Aramco, a pre-eminent global energy supplier.
“The calibre of this marquee global infrastructure asset is further evidenced by the leading investors that have invested alongside EIG.”
HSBC Bank plc acted as financial adviser to EIG in connection with the transaction, and Latham & Watkins served as EIG’s legal advisor.
EIG, headquartered in Washington D.C., is a leading institutional investor to the global energy sector with US$21.7 billion under management as of March 31. (US$1 = RM4.143)
For additional information, visit EIG website at www.eigpartners.com.
-- BERNAMA
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