{"id":638908,"date":"2017-10-17T03:55:09","date_gmt":"2017-10-17T03:55:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/"},"modified":"2017-10-17T03:55:09","modified_gmt":"2017-10-17T03:55:09","slug":"china-is-offering-to-buy-a-5-stake-in-aramco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/","title":{"rendered":"China is offering to buy a 5% stake in Aramco"},"content":{"rendered":"

Chinese state-owned oil companies PetroChina and Sinopec are offering to buy<\/strong>up to 5% of Saudi Aramco directly<\/strong>, Reuters reports<\/a> in an exclusive. The companies have been corresponding with Aramco over the past weeks to express interest in a direct sale of a stake to a consortium made up of both companies, which will include China\u2019s sovereign wealth fund, industry sources said. The move could give Saudi Arabia the flexibility to consider various options for its plan to float shares in Aramco. Reports had emerged earlier in the week<\/a> that Saudi Arabia was considering delaying the international tranche of its IPO of Aramco until at least 2019.<\/p>\n

In other international IPO news<\/strong>, Chinese video streaming platform Baidu has selected Bank of America, Credit Suisse, and Goldman Sachs to manage its USD 1 bn IPO, according to Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese state-owned oil companies PetroChina and Sinopec are offering to buyup to 5% of Saudi Aramco directly, Reuters reports in an exclusive. The companies have been corresponding with Aramco over the past weeks to express interest in a direct sale of a stake to a consortium made up of both companies, which will include China\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638908","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"aa99ade0-db74-450f-8211-83b23c2b5173","order":"0","is_powered_by":true,"section_story_id":"f157c3e9-2949-43ef-9620-489068e723a0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638897],"teaser":"","voice_url":""},"yoast_head":"\nChina is offering to buy a 5% stake in Aramco - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China is offering to buy a 5% stake in Aramco\" \/>\n<meta property=\"og:description\" content=\"Chinese state-owned oil companies PetroChina and Sinopec are offering to buyup to 5% of Saudi Aramco directly, Reuters reports in an exclusive. The companies have been corresponding with Aramco over the past weeks to express interest in a direct sale of a stake to a consortium made up of both companies, which will include China\u2019s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-17T03:55:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"China is offering to buy a 5% stake in Aramco\",\"datePublished\":\"2017-10-17T03:55:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/\"},\"wordCount\":144,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/17\/china-is-offering-to-buy-a-5-stake-in-aramco\/\",\"name\":\"China is offering to buy a 5% stake in Aramco - 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His statements follow heightened speculation that the Kingdom was considering delaying its IPO and was even entertaining a possible\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635839,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/saudi-aramco-invites-banks-to-bid-for-leading-bookrunner-on-aramco-ipo\/","url_meta":{"origin":638908,"position":3},"title":"Saudi Aramco invites banks to bid for leading bookrunner on Aramco IPO","author":"enterpriseam admin","date":"14 December 2017","format":false,"excerpt":"Saudi Aramco has invited banks to bid to become coordinators and bookrunners on its IPO, people familiar with the matter said, according to Bloomberg. The company sent out the request for proposals to banks over the past few days and aims to appoint a group of advisors by early next\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567241,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/mena-fund-managers-to-hold-on-egypt-raise-saudi-investments\/","url_meta":{"origin":638908,"position":4},"title":"MENA fund managers to hold on Egypt, raise Saudi investments","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"MENA fund managers seen leaving Egypt allocations unchanged for now: \u201cMost\u201d of the nine MENA fund managers polled this week by Reuters said they were keeping their allocations to Egypt, the UAE, Qatar, Turkey, and Kuwait unchanged. Fund managers polled in October and August had said they plan to increase\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592638,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/aramcos-ipo-is-moving-forward-as-mbs-gives-it-the-green-light\/","url_meta":{"origin":638908,"position":5},"title":"Aramco\u2019s IPO is moving forward, as MbS gives it the green light","author":"enterpriseam admin","date":"3 November 2019","format":false,"excerpt":"IPO WATCH- Aramco\u2019s IPO is moving forward as MbS appears to accept valuation of less than USD 2 tn: Saudi Crown Prince Mohammed bin Salmangave on Friday the go-ahead for Aramco\u2019s long-awaited IPO and an official announcement is expected as early as today, sources familiar with the matter told Bloomberg.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/1893.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=638908"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638908\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/638897"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=638908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=638908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=638908"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=638908"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=638908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}