{"id":2572,"date":"2021-06-18T19:00:25","date_gmt":"2021-06-18T19:00:25","guid":{"rendered":"https:\/\/dev.pixflex.com\/eig2\/?p=2572"},"modified":"2021-06-18T19:01:10","modified_gmt":"2021-06-18T19:01:10","slug":"eig-led-consortium-closes-12-4-billion-infrastructure-deal-with-aramco","status":"publish","type":"post","link":"https:\/\/dev.pixflex.com\/eig2\/eig-led-consortium-closes-12-4-billion-infrastructure-deal-with-aramco\/","title":{"rendered":"EIG-Led Consortium Closes $12.4 Billion Infrastructure Deal with Aramco"},"content":{"rendered":"<p style=\"text-align: center;\"><em>Consortium comprised of a cross-section of renowned investors\u00a0from North America, Asia and <\/em><em>the Middle East<\/em><\/p>\n<p style=\"text-align: justify;\"><strong>WASHINGTON, D.C. &#8211; <\/strong>EIG, a leading institutional investor to the global energy sector and one of the world\u2019s leading infrastructure investors, today announced the closing of its <a href=\"https:\/\/dev.pixflex.com\/eig2\/eig-signs-12-4-billion-infrastructure-deal-with-aramco\/\">previously announced<\/a> transaction with Saudi Arabian Oil Co. (\u201cAramco\u201d), under which a consortium of investors acquired a 49% equity stake in Aramco Oil Pipelines Company (\u201cAramco Oil Pipelines\u201d), a newly formed entity with rights to 25 years of tariff payments for oil transported through Aramco\u2019s stabilized crude oil pipeline network.<\/p>\n<p style=\"text-align: justify;\">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 including, amongst others, Mubadala Investment Company, an Abu Dhabi Sovereign Investor, Silk Road Fund, Hassana and Samsung Asset Management.<\/p>\n<p style=\"text-align: justify;\">R. Blair Thomas, EIG Chairman and CEO, said: \u201cWe are pleased to have completed this transaction with Aramco, a preeminent global energy supplier. The caliber of this marquee global infrastructure asset is further evidenced by the leading investors that have invested alongside EIG. We are honored to be working with this world-class consortium and look forward to a long-term, fruitful partnership.\u201d<\/p>\n<p style=\"text-align: justify;\">HSBC Bank plc acted as financial advisor to EIG in connection with the transaction, and Latham &amp; Watkins served as EIG\u2019s legal advisor.<\/p>\n<p style=\"text-align: justify;\"><strong>\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>About EIG<\/strong><\/p>\n<p style=\"text-align: justify;\">EIG is a leading institutional investor to the global energy sector with $21.7 billion under management as of March 31, 2021. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 39-year history, EIG has committed over $37 billion to the energy sector through more than 370 projects or companies in 37 countries on six continents. EIG\u2019s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C., with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG\u2019s website at www.eigpartners.com.<\/p>\n<p style=\"text-align: justify;\"><strong>About Aramco<\/strong><\/p>\n<p style=\"text-align: justify;\">Aramco is a global integrated energy and chemicals company driven by its core belief that energy is opportunity. From producing approximately one in every eight barrels of the world\u2019s oil supply to developing new energy technologies, Aramco\u2019s global team is dedicated to creating impact in all that it does. The Company focuses on making its resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world. www.aramco.com.<\/p>\n<p style=\"text-align: justify;\"><strong><u>Media Contacts:<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>EIG<\/strong><\/p>\n<p style=\"text-align: justify;\">Sard Verbinnen &amp; Co.<\/p>\n<p style=\"text-align: justify;\">Kelly Kimberly \/ Brandon Messina<\/p>\n<p style=\"text-align: justify;\">+1 212-687-8080<\/p>\n<p style=\"text-align: justify;\">EIG-SVC@sardverb.com<\/p>\n<p style=\"text-align: justify;\"><strong>Aramco<\/strong><\/p>\n<p style=\"text-align: justify;\">International Media Relations: international.media@aramco.com<\/p>\n<p style=\"text-align: justify;\">Investor Relations: investor.relations@aramco.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consortium comprised of a cross-section of renowned investors\u00a0from North America, Asia and the Middle East WASHINGTON, D.C. &#8211; EIG, a leading institutional investor to the global energy sector and one of the world\u2019s leading infrastructure investors, today announced the closing of its previously announced transaction with Saudi Arabian Oil Co. (\u201cAramco\u201d), under which a consortium [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2572","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EIG-Led Consortium Closes $12.4 Billion Infrastructure Deal with Aramco - EIG Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.pixflex.com\/eig2\/eig-led-consortium-closes-12-4-billion-infrastructure-deal-with-aramco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EIG-Led Consortium Closes $12.4 Billion Infrastructure Deal with Aramco - EIG Partners\" \/>\n<meta property=\"og:description\" content=\"Consortium comprised of a cross-section of renowned investors\u00a0from North America, Asia and the Middle East WASHINGTON, D.C. &#8211; EIG, a leading institutional investor to the global energy sector and one of the world\u2019s leading infrastructure investors, today announced the closing of its previously announced transaction with Saudi Arabian Oil Co. 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