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Saudi Aramco aims to raise at least $17 billion from gas pipeline: Report

The deal size may include $3.5 billion of equity and the remainder will be funded by bank debt, one source said, while another source said the transact .

Saudi Aramco | oil and gas

Reuters  |  DUBAI 

By Saeed Azhar and Davide Barbuscia DUBAI (Reuters) - Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said on Monday. Potential bidders including North American private equity and infrastructure funds, as well as state-backed funds in China and South Korea have been approached by Aramco through its advisors before a formal sale process kicks off in the next few weeks, they said. The deal size may include $3.5 ...

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First Published: Mon, August 16 2021. 18:13 IST