News Formal

Aramco Looks to Diversify With 20% Stake in India’s Reliance Energy Business

  • 📰 WSJ
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Saudi Aramco buys a 20% stake in the energy unit of India’s Reliance as it tries to diversify outside Saudi Arabia before its planned IPO

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I told you you little brat. I was never married to that man.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

KKR to take majority stake in NVC Lighting's China businessKKR & Co Inc said on Sunday it would take a majority stake in NVC Lighting Holdi...
Source: Reuters - 🏆 2. / 97 Read more »

Conference Call: The Ins and Outs of Business Loans to Grow Your StartupJoin us on August 20th for a conference call on using business loans as a source of capital to grow your startup.
Source: Women 2.0 - 🏆 149. / 63 Read more »