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Saudi Aramco in talks to shelve international IPO - FT

Reuters 

(Reuters) - Saudi Aramco is considering shelving plans for an international public offering in favour of a private share sale to world sovereign funds and institutional investors, the Financial Times reported, citing people familiar with the matter.Talks for a private sale to foreign governments, including China, and other investors have gathered pace in recent weeks, according to the report. (http://on.ft.com/2gBheCT)The company is still looking to list its shares on Saudi Arabia's Tadawul exchange next year if it pursues the private sale, the report said.No final decision has yet been made ...

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First Published: Sat, October 14 2017. 00:43 IST
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