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Friday, 5 May 2017

Aramco splits IPO advisory roles, appoints Brunswick | Reuters

Aramco splits IPO advisory roles, appoints Brunswick | Reuters:

"Saudi Aramco has appointed advisory firm Brunswick to join FTI Consulting in running media and investor relations for what is set to be the world's largest initial public offering (IPO), sources said.

The decision to split the role underscores the mammoth task facing Saudi Arabia's national oil giant which hopes to list in 2018 in several countries around 5 percent of the company in a share sale which could raise $100 billion.

Brunswick was recently appointed to run the external and media communications for the IPO while U.S.-based FTI will focus on managing investor relations, according to two sources with knowledge of the matter."



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