JPMorgan, Morgan Stanley picked to advise on Aramco's SABIC deal: sources | Reuters

JPMorgan, Morgan Stanley picked to advise on Aramco's SABIC deal: sources | Reuters:

JPMorgan (JPM.N) and Morgan Stanley (MS.N) have been picked to advise on Saudi Aramco’s plan to buy a controlling stake in petrochemical maker SABIC 2010.SE, several sources familiar with the matter said.

Aramco aims to buy such a stake, possibly taking the entire 70 percent holding owned by Saudi Arabia’s sovereign wealth fund, two of the sources familiar with the matter told Reuters earlier on Monday.