Exclusive: Major Chinese investors in talks to take Aramco stake – sources By Reuters – Investing.com
- Date: 29-Apr-2021
- Source: Investing.com
- Sector:Economy
- Country:Saudi Arabia
Exclusive: Major Chinese investors in talks to take Aramco stake – sources By Reuters – Investing.com
By Kane Wu, Tom Arnold and Alex Lawler
HONG KONG (Reuters) - Major Chinese investors are in talks to buy a stake in Saudi Aramco (SE:), several sources told Reuters on Wednesday, as Saudi Arabia's state oil firm prepares to sell another slice of its business to international investors.
Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman said in televised remarks on Tuesday.