BRIEF-Aramco Closes $12.4 Bln Infrastructure Deal With Global Investor Consortium
June 20 (Reuters) - SAUDI ARABIAN OIL CO:
* ANNOUNCES THE LATEST DEVELOPMENTS ON THE SIGNING OF A DEAL TO SELL AN EQUITY STAKE IN ONE OF ITS NEWLY-FORMED SUBSIDIARIES FOR A VALUE OF USD 12.4 BILLION (SAR 46.5 BILLION)
* ANNOUNCED CLOSING OF SHARE SALE AND PURCHASE AGREEMENT,IN WHICH CONSORTIUM HAS ACQUIRED A 49% STAKE IN ARAMCO OIL PIPELINES COMPANY,A SUBSIDIARY OF ARAMCO,FOR $12.4 BILLION
* CONSORTIUM COMPRISES A CROSS-SECTION OFRENOWNEDINVESTORS FROM NORTH AMERICA, ASIA AND THE MIDDLE EAST, INCLUDING EIG AND MUBADALA
* ARAMCO COMPLETED ALL CLOSING CONDITIONS FOR THIS DEAL, INCLUDING ALL REQUIRED MERGER CONTROL AND RELATED APPROVALS
* SAUDI ARAMCO WILL AT ALL TIMES RETAIN TITLE TO, AND OPERATIONAL CONTROL OF, THE PIPELINE NETWORK Source text for Eikon: Further company coverage:
