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
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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.