Deals Rumor Mill: Saudi Aramco, AT&T, iQiyi

By Benjamin Horney (October 16, 2017, 5:02 PM EDT) -- Chinese government-controlled oil companies PetroChina and Sinopec have expressed interest in buying 5 percent or more of Saudi Aramco directly, a move that would give the Saudi state-owned oil giant more flexibility as it prepares for a planned $100 billion initial public offering, according to a report from Reuters on Monday. According to the report, the two companies are part of a group that wrote to Saudi Aramco within the last few weeks to express their interest in a potential deal. Reports last week said that Saudi Aramco has been mulling whether to sell shares in Saudi Aramco in Riyadh next year while holding off on an international IPO of shares in the company until 2019....

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