Anonymous ID: 8531ec Jan. 20, 2021, 5:10 p.m. No.46184   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>6269 >>6342 >>6350

Brookfield, KKR said to eye US$10B Aramco pipeline stake

 

Brookfield Asset Management Inc. and KKR & Co. are among top infrastructure investors weighing bids for a stake in Saudi Aramcoโ€™s oil pipelines, people familiar with the matter said.

 

Apollo Global Management Inc. has also been studying whether to make an offer, the people said, asking not to be identified as the matter is private. The stake sale could fetch Aramco around US$10 billion, the people said. The worldโ€™s top oil producer has asked for expressions of interest and aims to receive non-binding offers next month, according to the people. The sale could also draw interest from Chinese investment funds, the people said. Some bidders may team up given the size of the transaction, the people said.

 

Aramco has been seeking to raise funds by selling stakes in non-core assets, mirroring a strategy adopted by Abu Dhabi National Oil Co. An investor group including Brookfield and GIC Pte invested US$10.1 billion in Adnocโ€™s natural-gas pipelines last year. While large Canadian pension funds often pursue such assets, some may shy away from the Aramco deal given political tensions between their government and Saudi Arabia, according to the people. Deliberations are at an early stage, and details of the potential transaction could change, the people said.

 

Representatives for Apollo, Aramco, Brookfield and KKR declined to comment.

 

Aramco is lining up a loan of about US$7.5 billion that will be offered to potential investors in the oil pipelines, people familiar with the matter said last week. The oil producer is seeking new sources of capital to maintain annual dividend payments of US$75 billion at a time of lower crude prices. Most of those payouts go to the Saudi state, which needs the money to fund its budget.

https://www.bnnbloomberg.ca/brookfield-kkr-said-to-eye-us-10b-aramco-pipeline-stake-1.1551252

Anonymous ID: 8531ec Jan. 20, 2021, 7:34 p.m. No.46270   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>6279 >>6342 >>6350

>>46252

This kinda interdasting off Long Beach right now and supported by Combat Sent

BEDLM90 MC-12W Huron off Long Beach Port with KING86 USAF Combat King II out of Davis-Monthan AFB

C2703 Coast Guard Spartan from North Island out again-the noisy data

FFAB123 Blackhawk on a routine run

RAIDR51 C-130 over Salton Sea

Anonymous ID: 8531ec Jan. 20, 2021, 9:28 p.m. No.46325   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>6342 >>6350

BlackRock to add bitcoin as eligible investment to two funds

 

BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients. The worldโ€™s largest asset manager said it could use bitcoin derivatives for its funds BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc. The funds will invest only in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission, the company said in a filing to the Securities and Exchange Commission on Wednesday. Chief Executive Officer Larry Fink had said at the Council of Foreign Relations in December that bitcoin is seeing big giant moves every day and could possibly evolve into a global market.

https://www.reuters.com/article/blackrock-investment-crypto-currency/blackrock-to-add-bitcoin-as-eligible-investment-to-two-funds-idUSL4N2JW15X

bwahahahaha!