Ken Costa looks to Saudi Arabia for next big deal | Financial Times:
When UK chancellor Philip Hammond flew to Saudi Arabia this month to discuss business relations between the two nations, he was accompanied by one of the City’s long-standing veterans, Ken Costa.
Describing himself as a “M&A junkie”, Mr Costa has become involved in what could be one of the biggest deals of the century. On the agenda in Jeddah was London’s role in a potential international flotation of state oil company Saudi Aramco.
Saudi officials have said this could now take place in late 2020 or early 2021, after postponing a stock market listing last year when it failed to generate the desired $2tn valuation, alongside concerns around legal exposure.
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