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BlackRock, Brookfield no longer vie for Aramco stake: Reuters

US asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi Arabian oil giant Aramco’s pipeline business, sources told Reuters.

US asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi Arabian oil giant Aramco’s pipeline business, sources told Reuters. Apollo Global Management, CIC and Global Infrastructure Partners are among the bidders still in the race for the deal, which could fetch Aramco more than $10 billion.

Source: Reuters