The Bank of Morgan will receive more than $ 100 million of gains, after selling a share in Saudi Aramco oil pipelines, the bulk of them related to hedging contracts To swap interest rates for purchasing parties.
> The size of funding, EIG has entered separately as called deal with JP Morgan, to protect against interest rate fluctuations.
One of the sources said the amount of return was commensurate with the risks taken by the bank on his books as a party against the barter.
New deals
EIG provides an alliance to buy 49% stake in leasing rights across Aramco oil pipelines, according to a statement issued in April. Mubadala Investment, a sovereign wealth fund in Abu Dhabi, said it was also talks to join the investor group.
The advisers are preparing for more deals with Aramco, where the Saudi oil giant is studying a share in the natural gas pipeline network.
The company also fell for exploration and production, a move that may bring external investors to some of its origins in oil and gas.
One of the largest deals
Saudi Aramco has concluded a deal with a coalition led by EIG Global Energy Partners (EIG), one of the highlights of world-class infrastructure investors in order to achieve the best value of its assets through a rental and recovery agreement related to Saudi Aramco for crude oil pipelines Center.
> The Aramco will get $ 12.4 billion, to enhance its financial position through one of the largest ...
