Marina Schwarz + 1,576 March 28, 2019 Saudi Aramco reaches $69.1 billion deal to buy majority stake in petrochemicals firm Sabic Yet not a word on how they'll finance the deal, no word on that bond they were preparing for that precise purpose... What happened, they struck gold in the desert? Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 March 28, 2019 Possibly:Â Quote Share this post Link to post Share on other sites
Justin Hicks + 162 JH March 28, 2019 2 hours ago, Marina Schwarz said: Saudi Aramco reaches $69.1 billion deal to buy majority stake in petrochemicals firm Sabic Yet not a word on how they'll finance the deal, no word on that bond they were preparing for that precise purpose... What happened, they struck gold in the desert? It's coming out of their Soverign Wealth Fund  https://www.worldoil.com/news/2019/3/27/saudi-aramco-to-purchase-sabic-stake-for-69-billion-in-mena-record-breaking-deal Quote Share this post Link to post Share on other sites
Justin Hicks + 162 JH March 28, 2019 6 minutes ago, Justin Hicks said: It's coming out of their Soverign Wealth Fund  https://www.worldoil.com/news/2019/3/27/saudi-aramco-to-purchase-sabic-stake-for-69-billion-in-mena-record-breaking-deal Whips, misread that. SABIC is tied to their SWF Quote Share this post Link to post Share on other sites
Justin Hicks + 162 JH March 28, 2019 However, here's a funding possibility... Leveraged Buy Out https://www.livemint.com/Companies/1r0RDUP0A4ZsW5hjdghvkK/Aramco-could-deploy-Barbarians-at-the-Gate-playbook-for-Sa.html Quote Share this post Link to post Share on other sites
Marina Schwarz + 1,576 March 28, 2019 (edited) Um, no. Aramco is buying the stake from the sovereign wealth fund. While this is the financial equivalent of someone moving a candy from their left pocket into their right, the PIF is the seller. And Aramco spoke about the international bond on more than one occasion with the latest being it was almost a done deal. So I wonder where is the money from the bond and why did we not hear about it. @Tom Kirkman whyever did I not think of that! Update: They started talking about the bond: https://www.wsj.com/articles/aramco-plans-10-billion-bond-next-week-opening-books-for-first-time-11553761555 Edited March 28, 2019 by Marina Schwarz update of info 1 Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 March 28, 2019 2 hours ago, Marina Schwarz said: Um, no. Aramco is buying the stake from the sovereign wealth fund. While this is the financial equivalent of someone moving a candy from their left pocket into their right, the PIF is the seller. And Aramco spoke about the international bond on more than one occasion with the latest being it was almost a done deal. So I wonder where is the money from the bond and why did we not hear about it. @Tom Kirkman whyever did I not think of that! Update: They started talking about the bond: https://www.wsj.com/articles/aramco-plans-10-billion-bond-next-week-opening-books-for-first-time-11553761555 Bullwinkle: "Hey Rocky, watch me pull a rabbit out of my hat." Rocky: "Again?"  Or if you prefer the original shorts: https://youtu.be/kx3sOqW5zj4  2 Quote Share this post Link to post Share on other sites
John Foote + 1,135 JF April 2, 2019 Buying Sabic will help the pump and dump for their stock market. Sabic is a multi-headed hydra. And it gets a lot of below market feedstock from Aramco. Yes, really, they are buying from themselves. Maybe that's how ARAMCO goes public, sells all the shares to themselves and tells the world they met and exceeded the $2 trillion market cap. Quote Share this post Link to post Share on other sites
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