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China may invest in multibillion dollar Aramco IPO

China Daily | Updated: 2017-04-21 07:09

HONG KONG/RIYADH/DUBAI - 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 massive multibillion dollar initial public offering of Saudi Aramco, people with knowledge of the discussions said.

Saudi Aramco - a key exporter to China along with Russia's Rosneft - is due to list next year, with a potential $100 billion equity sale that is expected to be the world's biggest to date.

China may invest in multibillion dollar Aramco IPO

The planned Chinese investment makes it more likely that the national energy giant would seek a listing in Asia.

China may invest in multibillion dollar Aramco IPO

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