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Saudi Aramco set to get $2 billion credit guarantees from UK

The loan agreement comes as London Stock Exchange , with backing from Prime Minister Theresa May, competes to host part of Saudi Aramco's initial public offering (IPO)

Reuters  |  LONDON 

Britain will provide $2 billion in credit guarantees to Saudi Aramco so it can buy British goods and services more easily, but denied it was part of efforts to persuade the energy giant to list its shares in London. The loan agreement comes as London Stock Exchange , with backing from Prime Minister Theresa May, competes to host part of Saudi Aramco's initial public offering (IPO), which is expected to be the biggest float ever. "This builds on previous support for UK exports as part of Saudi Aramco joint venture projects," the government said in a statement. A ...

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First Published: Fri, November 10 2017. 08:37 IST
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