Saudi Aramco in Talks to Buy Stake in Petrochemical Firm

Saudi Aramco said it’s in early talks to buy a stake in one of the world’s largest petrochemical companies, an acquisition that would boost the state-run oil giant’s downstream operations......»»

An unnamed energy firm from a "huge" country is in talks about buying a stake in Saudi Arabia's Aramco oil company, according to a report. Crown Prince Mohammed bin Salman. ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images Saudi.....»»

Saudi Aramco has purchased a 70 percent share in petrochemical firm SABIC for $69.1 billion in a deal that pumps capital into the kingdom's sovereign wealth fund......»»

Saudi Aramco, the world's largest oil producer, is in early talks with banks for a loan of about $10 billion to help finance its acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC), according to three banking sources......»»

Saudi Aramco is planning a blockbuster investment in Reliance Industries , the Indian firm announced on Monday, as the energy giant diversifies its business, where weaker oil prices pared its first-half profit .....»»

Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say the kingdom should trim its target to around $1.5 trillion, industry and banking sources said......»»

Saudi Arabia’s national oil company has agreed to buy a majority stake in the kingdom’s petrochemicals firm for $69.1 billion, people familiar with the deal said, giving Crown Prince Mohammed bin Salman’s agenda a giant jolt of cash......»»

Saudi oil giant Saudi Aramco is acquiring a 70% stake in the country's petrochemcial firm Saud.....»»

Saudi national company Aramco and French oil giant Total have signed an agreement to build a giant petrochemical complex in Jubail in Saudi Arabia......»»

Saudi Aramco has invited banks to pitch for an advisory role on the potential acquisition of a strategic stake in Saudi Basic Industries Corp (SABIC) , two sources with direct knowledge of the matter told Reuters......»»

Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC , possibly taking the entire 70 percent stake owned by Saudi Arabia's sovereign wealth fund, two sources familiar with the matter told Reuters......»»

JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco's potential acquisition of a stake in petrochemical maker SABIC , four sources familiar with the matter said......»»

Oil giant Saudi Aramco says it will buy out the other 50-percent stake in a joint chemical venture in the Netherlands in a deal valued at 1.5 billion euros, or $1.7 billion......»»

Investment firm Blackstone Group Inc (NYSE: BX) is in talks for acquiring a minority stake in India’s ICT service & solution provider Sify Te read more.....»»

Saudi Aramco is looking to restructure its deal to acquire a controlling stake in petrochemicals maker SABIC after a more than 40% drop in SABIC's value following a slump in oil prices in coronavirus pandemic, two sources told Reuters......»»

Associated Press Saudi Aramco may sell a stake in its pipeline business to shore up cash amid the oil-market downturn, Bloomberg report.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

World No. 1 oil producer Saudi Aramco has gained unconditional EU antitrust approval for its $69 billion bid for a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), according to an EU filing......»»

World No. 1 oil producer Saudi Aramco is set to gain unconditional EU antitrust approval for its $69 billion buy of a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC) , people familiar with the matter said on Friday......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»