Reuters reveals Aramco Trading plans to absorb Motiva Trading ahead of possible IPO
Reuters gave readers a deep dive into how Saudi Arabia’s state oil monopoly Saudi Aramco is planning to merge two energy trading units, with Aramco Trading Co due to absorb Motiva Trading ahead of a potential initial public offering of the business. The move to combine the businesses is expected to give potential investors a better sense of the scale of Aramco’s trading and would also allow the state oil producer to simplify financial reporting and cut duplication.
The post Reuters reveals Aramco Trading plans to absorb Motiva Trading ahead of possible IPO appeared first on Reuters News Agency.
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