Aramco is working with Evercore on gas unit plans, Bloomberg News reports
9 Articles
9 Articles
Aramko is studying the establishment of an independent gas unit that could prepare for attracting foreign investment or offering a minority quota of over $100 billion in its plans to develop gas resources and expand liquefied gas.
Saudi Aramco Is Said to Work With Evercore on Gas Unit Plans
Saudi Aramco has hired Evercore Inc. to advise on a major restructuring that would create a standalone gas division and open the door to a potential future listing of the unit, according to people familiar with the matter.
Saudi Aramco is working with Evercore on gas unit plans, Bloomberg News reports
Oil producer Saudi Aramco has hired Evercore to advise on a restructuring that would create a standalone gas division and open the door to a potential future listing of the unit, Bloomberg News reported on Saturday, citing people familiar with the matter.
Saudi Aramco is preparing an IPO of its $100 billion gas business. Saudi Arabian oil giant Saudi Aramco is exploring options for separating its gas business, which could pave the way for a future listing of the unit, Bloomberg reports. Stocks, Stock Exchange, Energy, IPO.
Saudi Arabia's energy giant, Saudi Aramco, is preparing for a restructuring that could be worth over $100 billion. The company is reportedly considering transforming its natural gas operations into an independent unit, and is also exploring options such as an initial public offering (IPO) and a share sale.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
