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.