Saudi Aramco elects Japan’s SMBC to provide financial advice to company

2021-09-27 02:28:31

(MENAFN) According to CNBC Arabia, Saudi Aramco has appointed Japan's Sumitomo Mitsui Banking Corporation (SMBC) to set financial advice to the company in a USD17-20 billion gas asset sale.

CNBC source further declared that a consortium of Asian investors are leading candidates to get the deal, after Asian sovereign funds, primarily sovereign wealth funds from China, South Korea, and Singapore.

The American Brookfield Fund that won the Abu Dhabi National Oil Company (ADNOC) gas pipeline deal in 2020 is amid potential investors.

The source also stated that the financing structure of the deal is going to be similar to the USD12.4 billion oil pipeline deal that was won by a coalition of investors led by EIG Global Energy.

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