Petronas said on Friday it will not participate in Saudi Aramco’s initial public offering, expected to be the world’s biggest share sale.
KUALA LUMPUR: Malaysian state energy company Petronas said on Friday it will not participate in Saudi Aramco’s initial public offering, expected to be the world’s biggest share sale.
Aramco plans to sell 1.5% of the company in the offering, looking to raise up to $25.6 billion and giving the company a potential market value of between $1.6 trillion and $1.7 trillion.
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