Saudi Aramco considers shelving IPO and selling privately, FT reports

Saudi Aramco is considering shelving plans for an international public offering in favor of a private share sale to world sovereign funds and institutional investors, the Financial Times reported, citing people familiar with the matter.

Talks for a private sale to foreign governments, including China, and other investors have gathered pace in recent weeks, according to the report.

Saudi Aramco was not immediately available for comment.

© Thomson Reuters 2017

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