Goldman Sachs Vies For Role In Aramco IPO

Goldman Sachs has bought in the secondary market part of Saudi
Aramco’s US$10-billion revolving credit facility as the U.S.
investment bank vies for a role in what would be the world’s
biggest IPO when the Saudis list 5 percent of their oil giant next
year, Reuters reported on Thursday, quoting sources familiar with
the deal.   Goldman Sachs is said to be following the common
market practice of establishing relations with a company via a loan
transaction, before entering in other deals. According to two of
Reuters’ sources,…

Goldman Sachs has bought in the secondary market part of Saudi
Aramco’s US$10-billion revolving credit facility as the U.S.
investment bank vies for a role in what would be the world’s
biggest IPO when the Saudis list 5 percent of their oil giant next
year, Reuters reported on Thursday, quoting sources familiar with
the deal.   Goldman Sachs is said to be following the common
market practice of establishing relations with a company via a loan
transaction, before entering in other deals. According to two of
Reuters’ sources,…