Saudi Aramco Considers a Gas Spinoff
11 Articles
11 Articles
ARAMCO GAS SHAKEUP: Saudi oil giant weighs creating gas division valued at over $100 billion, potentially paving way for IPO or stake sale
Saudi Aramco is considering a major restructuring that could create a standalone gas division valued at more than $100 billion, potentially setting the stage for an IPO or sale of a minority stake. Bloomberg reports. The Saudi oil giant has hired U.S. investment bank Evercore to advise on the plan, known internally as “Project Gamma.”
Aramko is studying the establishment of an independent gas unit that could prepare for attracting foreign investment or offering a minority quota of over $100 billion in its plans to develop gas resources and expand liquefied gas.
Saudi Aramco Is Said to Work With Evercore on Gas Unit Plans
Saudi Aramco has hired Evercore Inc. to advise on a major restructuring that would create a standalone gas division and open the door to a potential future listing of the unit, according to people familiar with the matter.
Saudi Aramco is working with Evercore on gas unit plans, Bloomberg News reports
Oil producer Saudi Aramco has hired Evercore to advise on a restructuring that would create a standalone gas division and open the door to a potential future listing of the unit, Bloomberg News reported on Saturday, citing people familiar with the matter.
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