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Three companies eye $10bn stake in Saudi Aramco's oil pipelines

Three companies eye $10bn stake in Saudi Aramco's oil pipelines
Apollo Global Management Inc. has also been studying whether to make an offer.
SAUDI ARAMCO
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0.42% 35.60 0.15

Riyadh – Mubasher: Brookfield Asset Management Inc. and KKR & Co. are among top infrastructure investors weighing bids for a stake in the Saudi Arabian Oil Company’s (Saudi Aramco) oil pipelines, Bloomberg said citing people familiar with the matter.

Apollo Global Management Inc. has also been studying whether to make an offer. The stake sale could fetch Aramco around $10 billion, the people said.

The Saudi oil giant has asked for expressions of interest and seeks to receive non-binding offers next month. Moreover, the sale could draw interest from Chinese investment funds and some bidders may team up according to the size of the transaction.