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Saudi Aramco logo. Photographer: Simon Dawson/Bloomberg Photographer: Simon Dawson/Bloomberg

Latham & Watkins, White & Case and Clifford Chance have picked up roles on the sale of a stake in a newly-formed Saudi Aramco crude oil network in a deal worth $12.4 billion.

Latham is advising U.S. energy and infrastructure investment firm EIG, which is acquiring a 49% equity stake in Aramco Oil Pipelines, giving it an equity valuation of $25.3 billion, according to a statement from EIG. The pipelines company is a consortium with rights to 25 years of rate payments for oil shipped through Aramco’s network of conduits.

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Hannah Roberts

Hannah joined Legal Week in May 2018 after finishing her degree at Kingston University. Her areas of focus are corporate, M&A, private equity and restructuring at UK and City-based US law firms. [email protected]

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