Saudi Arabia Goes Hunting For ‘Free Money’ In Europe
Apparently, Crown Prince Mohammed is angling to resurrect Aramco's "zombie" IPO, which was shelved last year after an exhausting push to take the world's most profitable company public exposed just how tedious the process was likely to be given corporate governance concerns and the Saudis' insistence on securing a $2 trillion valuation.
Preliminary plans for getting the ball rolling again are sketchy, at best. According to Bloomberg, the behemoth recently chatted with banks and the process coul