London sees sense on Aramco listing, but will New York now play its Trump card? | Arab News:
"Well that was a lot of fuss over nothing. The London Stock Exchange — after nearly a year of deliberation, consultation and some controversy — has finally given the go ahead to create a new “sovereign” listing category for companies controlled by governments. Financial realpolitik was always going to win over idealistic principle, and it should have been a shoe-in a long time ago. The move will allow Saudi Aramco to list its shares — if it decides to do so at all — on the LSE in a new category of the “premium” listing section. It would free Aramco from what the UK regulator itself said would be “disproportionately onerous” rules on transactions involving the majority shareholder, in this case the government of Saudi Arabia."
'via Blog this'
No comments:
Post a Comment