Deals
Billionaire Adani Explores Partnerships With Saudi Aramco
- Conglomerate discussed buying PIF stake in Saudi energy giant
- Parties hold talks on range of joint investment opportunities
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Indian conglomerate Adani Group is exploring potential partnerships in Saudi Arabia, including the possibility of buying a stake in the world’s largest oil exporter, people with knowledge of the matter said.
The group, led by Indian tycoon Gautam Adani, has held preliminary talks on a range of potential cooperation and joint investment opportunities with Saudi Aramco and the country’s Public Investment Fund, according to the people. It has discussed the idea of buying part of the PIF’s stake in Aramco, the people said.