Saudi Aramco Excludes UBS, Bank of America From IPO Advice Roles -Reuters
16 January 2018 - 10:15PM
Dow Jones News
--Saudi Aramco hasn't invited UBS or Bank of America Merrill
Lynch to vie for advisory roles as it prepares to list publicly
because they haven't lent money to it in recent years, Reuters
reports, citing unnamed sources.
--Barclays was also excluded, Reuters said, citing separate
unnamed sources.
--The three banks may still be awarded lesser advisory roles in
the IPO, according to Reuters.
Full story: http://reut.rs/2ELinlf
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(END) Dow Jones Newswires
January 16, 2018 06:00 ET (11:00 GMT)
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