Aramco To Pay $69.1bn SABIC Acquisition In Tranches

Saudi Aramco intends to pay for its 69.1 billion dollars acquisition of a majority stake in Saudi Basic

Industries Corp’s in separate tranches, according to a presentation given by Aramco to bond investors that was seen by Reuters. The world’s biggest oil producer intends to pay 50 per cent of the acquisition price at the closing of the SABIC deal, while the remainder will be paid over a two-year period from internal cash generation and, potentially, other sources, according to the document.

Aramco this week will meet global bond investors ahead of its first international bond sale after obtaining its first credit ratings fromThe SABIC acquisition will have no impact on Aramco’s rating, according to the investor presentation.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Saudi Aramco world's most profitable company in 2018 - Vanguard News NigeriaOil giant Saudi Aramco revealed Monday it made the world's biggest corporate profit last year, opening its secretive accounts for the first time as it prepares to raise funds from investors.
Fonte: vanguardngrnews - 🏆 5. / 75 Consulte Mais informação »

Saudi Aramco world's most profitable company in 2018 - Vanguard News NigeriaOil giant Saudi Aramco revealed Monday it made the world's biggest corporate profit last year, opening its secretive accounts for the first time as it prepares to raise funds from investors.
Fonte: vanguardngrnews - 🏆 5. / 75 Consulte Mais informação »

FG seeks collaboration with India over on skills acquisition - Vanguard News NigeriaThe Federal government has solicited the collaboration of the government of India to boost Nigeria's Skill Acquisition Centres, aimed at enhancing job creation.
Fonte: vanguardngrnews - 🏆 5. / 75 Consulte Mais informação »