Tuesday 17 October 2017

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources:

"State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company’s planned initial public offering, people familiar with the matter told Reuters.

Aramco brought in Brunswick to advice on media relations and appointed FTI Consulting to manage investor relations.

It was not immediately clear why FTI was asked to suspend its work for Aramco, but one of the sources said the latest decision could broaden Brunswick’s role beyond media relations."



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