Saudi Aramco Considers Pulling IPO

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  • #12575
    TradersCom
    Keymaster

    [article]279[/article]

    #12612
    Assistanc3
    Participant

    China is offering to buy up to 5% of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s biggest oil producer on the stock market.

    #12619
    MoneyNeverSleeps
    Participant

    I saw where China is looking to invest through their SWF – they have done that around the globe tying up
    Commodities – in Australia with farmland, coal, ports etc to the point is they have been rejected on grounds of national security. In Africa they have been prevalent tying up aid with land and in Venezuela they have effectively held that country to ransome with oil income going straight to Beijing.

    Saudis into that playbook could be a slippery slope

    #17834
    TradersCom
    Keymaster

    Saudi Arabia Cancels Aramco IPO

    Not really a surprise – a lot of investment bankers crying in their beer tonight.

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