Saudi Aramco hires Morgan Stanley as lead adviser to sell gas pipeline stake

Author:
ARAB NEWS
article author:
Arab News
ID:
1623393461250050900
Fri, 2021-06-11 09:19

RIYADH: Saudi Aramco has hired Morgan Stanley as the lead adviser to review a potential multibillion-dollar stake sale in its natural gas pipeline network, Bloomberg reported citing people familiar with the matter.

The state-owned energy producer hasn’t yet started a formal process and could add more banks to work on the deal, the people said, asking not to be identified due to information confidentiality.

The deal may be structured similarly to Aramco’s $12.4 billion oil pipeline deal, the people said.

Main category:
Business & Economy
Tags:
#aramco
#pipelinesale

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