Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Saudi Aramco formally appoints banks to advise on share sale

Published 30/03/2017, 08:46
© Reuters. Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama
JPM
-
HSBA
-
MS
-
1090
-
EVR
-
MC
-
1180
-

LONDON (Reuters) - Saudi Aramco has formally appointed JPMorgan Chase & Co (N:JPM), Morgan Stanley (N:MS) and HSBC (L:HSBA) as international financial advisers for its initial public offering, expected to be the world's largest equity sale, sources familiar with the matter told Reuters.

The trio join Moelis & Co (N:MC) and Evercore (N:EVR), which have been appointed independent financial advisers, one source said. The company has also appointed Saudi Arabia's NCB Capital (SE:1180) and Samba Capital (SE:1090) as local advisers, the sources said.

Saudi Aramco said it did not comment on rumour or speculation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.