Fiji Time: 11:08 PM on Monday 18 December

Fiji Times Logo

/ Front page / Business

Planned investment

Reuters
Friday, April 21, 2017

CHINA is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters.

Saudi Aramco, a key exporter to China along with Russia's Rosneft, is due to list next year, with a potential $US100 billion ($F200b) equity sale that is expected to be the world's largest so far.

The planned Chinese investment makes it more likely that the national energy giant would seek a listing in Asia, with Hong Kong currently the frontrunner among bourses in the region, the same people said.

Reuters reported earlier this month that Saudi Aramco's board would meet in Shanghai in May, its first meeting in China in seven years, as Chinese and Asian investors eye the share offering from the world's biggest oil exporter.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.63080.6118
JPY 55.771352.7713
GBP 0.36670.3587
EUR 0.41730.4053
NZD 0.70640.6734
AUD 0.64330.6183
USD 0.49180.4748

from

$0.00

Exchange Rate updated on 18th, December, 2017

Today's Most Read Stories

  1. 'Lockout', not strike
  2. 'No faith' in Mani
  3. 'No pay rise'
  4. SODELPA clears the air
  5. The good, the bad, the referees
  6. Human trafficking
  7. Investigations in progress, two officers suspended
  8. New ferry makes first local voyage
  9. ATS lockout: Staff await outcome of discussions
  10. DIY Christmas tree

Top Stories this Week

  1. 'Daylight robbery' Wednesday (13 Dec)
  2. Ravai tells all Saturday (16 Dec)
  3. Youngster pens letter to Donald Trump Sunday (17 Dec)
  4. Joy turns into sorrow Friday (15 Dec)
  5. Shattered Tuesday (12 Dec)
  6. Cheika rates Fiji Wednesday (13 Dec)
  7. Two become One Sunday (17 Dec)
  8. Locked out Sunday (17 Dec)
  9. Kalouniwai: Fiji soldiers not affected Wednesday (13 Dec)
  10. Tabuya denial Tuesday (12 Dec)