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Deals Rumor Mill: Aramco, Toshiba, Sinochem

By Benjamin Horney (February 21, 2017, 6:55 PM EST) -- At least six banks have made their case as to why they should be selected to assist with the initial public offering of Saudi Arabian Oil Co., or Aramco, according to a report from Reuters on Tuesday. According to the report, HSBC Saudi Arabia, NCB Capital, Samba Capital, Saudi Fransi Capital, Riyad Capital and GIB Capital are among the entities that are vying for a spot at the table for the IPO, which could raise as much as $100 billion. Reports earlier this month said that Moelis & Co. had been hired to advise on the offering, which is expected to value Aramco at at least $2 trillion....

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