Aramco Is Said to Pick Citi for Oil Storage Terminals Stake Sale
Saudi Aramco has selected Citigroup Inc. to help arrange a potential multibillion-dollar stake sale in its oil export and storage terminals business, according to people familiar with the matter. The U.S. investment bank was chosen in recent days following a pitching process that drew proposals from several other Wall Street lenders, the people said, asking not to be identified because the information is private.
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