Technology

Exclusive: China gathers state-led consortium for Aramco IPO – sources

Exclusive: China gathers state-led consortium for Aramco IPO – sources

FILE PHOTO: A view of the Aramco building in Houston, Texas, U.S., February 27, 2017. Picture taken February 27, 2017.

REUTERS/Daniel Kramer/File Photo

HONG KONG/RIYADH/DUBAI (Reuters) – China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters.

Source: http://www.reuters.com/article/us-aramco-ipo-china-exclusive-idUSKBN17L1F3?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

About the author

rts007