Saudi Aramco in talks with banks to borrow about USD10 billion for SABIC acquisition

Saudi Aramco in talks with banks to borrow about USD10 billion for SABIC acquisition
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20.04.2020

MOSCOW (MRC) -- Saudi Aramco, the world's largest oil producer, is in early talks with banks for a loan of about USD10 billion to help finance its acquisition of a 70% stake in Saudi Basic Industries Corp (SABIC), reported Reuters with referenceВ to three banking sources.AramcoВ agreed last year to buy the controlling stake in SABIC from the kingdom's wealth fund for $69.1 billion, seali

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