Aramco says bonds issuance on table for SABIC deal, to make needed disclosures | Reuters:
Saudi Aramco said on Tuesday that all funding options, including the issuance of bonds, are being considered for its potential acquisition of a stake in petrochemicals firm SABIC, and that it would make related disclosures when it is appropriate to do so.
“The company is actively pursuing a strategy of enhancing its portfolio by investing further into downstream and the petrochemical sector in particular. This includes discussions underway with the Public Investment Fund regarding the potential acquisition of a strategic interest in SABIC,” Aramco said in a statement to Reuters.
“All funding options, including the issuance of bonds, are being examined. The company will make any related disclosures as and when it is appropriate to do so.”
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