Tuesday, March 4, 2025
Saudi Aramco gives nine banks top roles on world's biggest IPO: sources - Oil and Gas 360

Saudi Aramco gives nine banks top roles on world’s biggest IPO: sources

From Reuters Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world’s largest, two sources familiar with the matter told Reuters on Wednesday. The mandates have been heavily sought by the world’s biggest investment banks for a transaction which, according to Saudi Crown Prince Mohammed bin Salman’s

Baker Hughes to change name, stock ticker symbol - Oil and Gas 360

Baker Hughes to become independent again in stock sale

From The Houston Chronicle Houston oilfield service giant Baker Hughes is poised to become an independent company again. Boston industrial conglomerate General Electric will lose its majority ownership of Baker Hughes in a planned stock sale that could be worth more than $2.5 billion. The two companies announced the sale in a Tuesday afternoon statement. General Electric said it plans