Saudi Aramco is buying a 20% stake in the energy unit of India’s Reliance in one of its biggest forays overseas
Saudi Aramco is buying a 20% stake—worth some $15 billion including debt—in India’s Reliance Industries’ oil and chemicals business, a move that would help match its enormous crude production with refining capacity, as it gears back up for a planned initial public offering.
The move would represent one of Aramco’s biggest forays overseas, and comes as it is trying to win over potential global investors for a possible listing that is now back on the front burner among Aramco executives and Saudi government officials.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Saudi Aramco has struck a $15 billion deal with Asia's richest man for a stake in the world's biggest refineryThe Saudi oil giant's deal with Reliance Industries and Mukesh Ambani includes a stake in the Jamnagar Refinery in India.
Baca lebih lajut »
Saudi Aramco aims to buy Reliance stake, reports lower earningsSaudi Aramco still world's most profitable company despite oil price hit. Read more:
Baca lebih lajut »
Aramco Looks to Diversify With 20% Stake in India’s Reliance Energy BusinessSaudi Aramco is buying a stake in Reliance’s energy business, worth some $15 billion including debt, a move that would help match its enormous crude production with refining capacity, as it gears back up for a planned IPO.
Baca lebih lajut »
India's Reliance to sell 20% stake in oil-to-chemicals business to Saudi AramcoIndia's Reliance Industries Ltd is set to sell a 20% stake in its oil to ch...
Baca lebih lajut »
Breakingviews - Aramco stocks Reliance’s war chest for disruption(Reuters Breakingviews) - India’s richest man is stocking up his disruption war ...
Baca lebih lajut »