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Saudi Aramco considering IPO of fuel unit: Bloomberg

Aramco is in the process of selling a stake in its gas pipelines. (Reutrers)
Aramco is in the process of selling a stake in its gas pipelines. (Reutrers)
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08 Oct 2021 03:10:59 GMT9
08 Oct 2021 03:10:59 GMT9
  • Talks about an IPO are at an early stage, the people said
Arab News 

RIYADH: Saudi oil giant Aramco is considering selling a stake in its retail fuels and lubricants business, and could list shares on the Riyadh stock exchange, Bloomberg reported citing people with knowledge of the situation.

Talks about an initial public offering (IPO) are at an early stage, the people said, asking not to be identified discussing confidential matters.

Aramco may opt against any sale, they said.

Five North American companies are bidding for a deal to sell a share of Saudi Aramco’s gas pipelines, Bloomberg reported this week.

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