Malaysian state energy company Petronas [PETR.UL] said on Friday it will not par...
FILE PHOTO: A logo of a Petronas fuel station is seen against a darkening sky in Kuala Lumpur, Malaysia February 10, 2016. REUTERS/Olivia Harris/File photo
Aramco plans to sell 1.5% of the company in the offering, looking to raise up to $25.6 billion and giving the company a potential market value of between $1.6 trillion and $1.7 trillion. “Petronas would like to confirm that after due consideration, the company has decided not to participate in Saudi Aramco’s initial public offering exercise,” Petronas said in an emailed statement.
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