financetom
Business
financetom
/
Business
/
BlackRock mulls selling stake in Saudi Aramco gas pipelines, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BlackRock mulls selling stake in Saudi Aramco gas pipelines, Bloomberg News reports
Jul 3, 2025 3:32 AM

July 3 (Reuters) - Asset manager BlackRock Inc ( BLK ) is in talks with

Saudi Aramco to divest its stake in the leasing rights of a natural

gas pipeline network back to the state oil major, Bloomberg News reported on

Thursday, citing people familiar with the matter.

The stake, which BlackRock ( BLK ) acquired in 2021, is likely to be worth billions

of dollars, according to the report.

Reuters could not immediately confirm the report.

(Reporting by Shanima A in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Grey Wolf Animal Health Swings to a Q4 Loss Despite Revenue Gain
Grey Wolf Animal Health Swings to a Q4 Loss Despite Revenue Gain
Apr 11, 2024
05:33 PM EDT, 04/11/2024 (MT Newswires) -- Grey Wolf Animal Health (WOLF.V) on Thursday said it swung to a loss in the first quarter. The company said it lost C$0.28 million, or C$0.01 per share, in the period, compared with a profit of C$5.8 million, or C$0.25, in the year-prior quarter. Revenue rose 11% to C$6.16 million. Grey Wolf shares...
Globe Life Rebuts Short Seller Allegations -- Shares Rebound After Hours
Globe Life Rebuts Short Seller Allegations -- Shares Rebound After Hours
Apr 11, 2024
05:37 PM EDT, 04/11/2024 (MT Newswires) -- Globe Life ( GL ) on Thursday refuted what it described as unsubstantiated claims in a report by short-seller Fuzzy Panda Research alleging its executives disregarded insurance fraud. We reviewed the report and found it to be wildly misleading, mixing anonymous allegations with recycled points pushed by plaintiff law firms to coerce Globe...
Enact Holdings Files Mixed Shelf
Enact Holdings Files Mixed Shelf
Apr 11, 2024
05:36 PM EDT, 04/11/2024 (MT Newswires) -- Enact Holdings ( ACT ) filed a registration statement covering the potential sale of securities from time to time. The statement covers common and preferred stock, warrants, rights, units and guarantees, the company said Thursday in a regulatory filing. Additionally, selling security holders to be named in a prospectus supplement may offer securities,...
Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO
Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO
Apr 11, 2024
The owner of Thai crypto exchange Bitkub Online, which plans to sell shares to the public next year, could be valued as high as $3 billion, Bitkub Capital Group CEO Jirayut Srupsrisopa said. Bitkub Capital signaled its intention to sell shares to the public in a 2023 letter to shareholders that didn't give a timeframe. Jirayut told Bloomberg earlier this...
Copyright 2023-2026 - www.financetom.com All Rights Reserved