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Saudi Aramco and PIF in talks
July 31, 2018

Saudi Aramco and PIF in talks

CEO, SABIC has iterated that the talks of potential acquisition of SABIC's stake are solely between Saudi Aramco and PIF. Saudi Aramco confirmed this month that it is planning to buy strategic stakes in Saudi’s largest public company, SABIC. If sources were to be believed, JPMorgan and Morgan Stanley have been approached to advise Aramco in the 70% stake procurement procedure in SABIC.

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