Will China buy Saudi Aramco?

Will China buy Saudi Aramco?:

"The planned sale of a 5 per cent stake in the Saudi state oil company Aramco is still in limbo. There is no clarity on where it will be listed, on its value or, most important, on how the rights of minority shareholders can be protected in an entity that will be 95 per cent owned by the Saudi government. The volatility of politics in Riyadh over the last few months, centred around the transfer of power from the former crown prince Mohammed bin Nayef to the 31-year-old Mohammed bin Salman, has not helped. The question now is whether the sale will go ahead or not. There is a lot at stake. Saudi Arabia is rapidly running through its financial reserves and needs the revenue, especially given the persistence of dissent within the country over any attempts to impose austerity. The Vision 2030 plan to transform the economy cannot be properly funded without the proceeds of the Aramco sale."



'via Blog this'