Malaysian state energy company Petronas [PETR.UL] said on Friday it will not par...
FILE PHOTO: A logo of a Petronas fuel station is seen against a darkening sky in Kuala Lumpur, Malaysia February 10, 2016. REUTERS/Olivia Harris/File photo
Aramco plans to sell 1.5% of the company in the offering, looking to raise up to $25.6 billion and giving the company a potential market value of between $1.6 trillion and $1.7 trillion. “Petronas would like to confirm that after due consideration, the company has decided not to participate in Saudi Aramco’s initial public offering exercise,” Petronas said in an emailed statement.
Indonesia Berita Terbaru, Indonesia Berita utama
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