TheTalkingMule
Distributed Energy Enthusiast
Please be Chevron
Please be Chevron
Please be Chevron
Please be Chevron
Please be Chevron
Saudis in Talks to Sell 1% of Aramco to ‘Leading’ Foreign Peer
Saudi Arabia is in talks to sell a 1% stake in state-controlled oil giant Aramco to a foreign company, Crown Prince Mohammed Bin Salman said in an interview with a local TV station.
www.bloomberg.com
Saudis in Talks to Sell 1% of Aramco to ‘Leading’ Foreign Peer
Saudi Arabia is in talks to sell a 1% stake in state-controlled oil giant Aramco to a foreign company, Crown Prince Mohammed Bin Salman said in an interview with a local TV station.
The kingdom could also announce a secondary offering of shares in the company within the next two years, he said.
“I don’t want to give any promises about deals finalizing, but there are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world,” the Crown Prince said. “This deal could be very important in strengthening Aramco’s sales in the country where this company resides,” he said, adding it’s a very large nation.