#Saudi Aramco Adds European Banks to Work on IPO - Bloomberg

Saudi Aramco Adds European Banks to Work on IPO - Bloomberg:

Saudi Aramco has added banks including Barclays Plc, BNP Paribas SA, Deutsche Bank AG and UBS Group AG as bookrunners on its planned initial public offering as it pushes ahead with plans for the blockbuster deal, people with knowledge of the matter said. 

The energy giant also picked Credit Agricole SA, Gulf International Bank BSC and Societe Generale SA, the people said, asking not to be identified because the information is private. Aramco is planning to select about 15 bookrunners in total, including two Chinese firms, one of the people said.

Aramco is moving fast to add banks in junior roles on the deal after choosing the top underwriters last week. Bankers from the newly appointed underwriters are flying to the Middle East for meetings with Aramco starting Monday, according to the people.