BROOKFIELD, KKR EYE US$10B STAKE IN ARAMCO PIPELINE

Brookfield Asset Management Inc. and KKR & Co. are among top infrastructure investors weighing bids for a stake in Saudi Aramco'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. The stake sale could fetch Aramco around US$10 billion, the people said. The world'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. Aramco has been seeking to raise funds by selling stakes in non-core assets. An investor group including Brookfield and GIC Pte invested US$10.1 billion in Adnoc's natural-gas pipelines last year.