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Monday, 13 March 2017

Saudi Aramco selects FTI as global media advisor for IPO: sources | Reuters

Saudi Aramco selects FTI as global media advisor for IPO: sources | Reuters:

"Saudi Aramco [IPO-ARMO.SE] has chosen U.S.-based FTI Consulting (FCN.N) as global media adviser for what is expected to be the world's largest initial public share offer, industry sources said. In recent months the Saudi national oil giant has been appointing advisers to help arrange the offer. Investment banks Moelis & Co(MC.N), Evercore(EVR.N), JPMorgan Chase & Co (JPM.N) and Morgan Stanley (MS.N) will play roles, and more banks will be chosen, the sources said. FTI "will support Aramco's communications team ahead of the sale to handle the storm of the IPO", said one of the sources."



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