19 major banks finance BlackRock consortium's stake in Aramco gas pipeline

19 banks loan USD 13.4bn to an investor group led by BlackRock with the aim of taking over 49 percent in state-owned Aramco's gas pipeline, writes Bloomberg News.

Blackrock CEO Larry Fink. | Photo: Lucas Jackson/Reuters/Ritzau Scanpix

BY DAG HOLMSTAD, TRANSLATED BY CHRISTOFFER ØSTERGAARD

An investor consortium led by the world's biggest asset manager BlackRock has teamed up with 19 banks to finance the acquisition of a 49-percent stake in Saudi Aramco's gas pipeline, writes Bloomberg News.

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