Deals
Saudi Arabia Lines Up Goldman, Citi for Aramco Share Sale
- Follow-on Aramco offering may raise about $20 billion
- More advisers may be added as preparations for deal progress
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Saudi Arabia is set to hire banks including Citigroup Inc., Goldman Sachs Group Inc. and HSBC Holdings Plc for a secondary share sale in Aramco, a deal that would raise about $20 billion and rank among the biggest offerings in recent years, people familiar with the matter said.
The world’s biggest oil exporter is also in talks with other banks as it pulls together a roster of advisers for the offer that may come in the next few weeks, the people said, asking not to be identified because the information is private.