Reuters reveals Aramco Trading plans to absorb Motiva Trading ahead of possible IPO – Reuters News Agency

Business & Finance

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. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Middle East

Countries: Saudi Arabia

Win Types: Overall Coverage

Story Types: Special Report / Insight

Media Types: Text

Customer Impact: Significant National Story

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