Su­mit­omo Mit­sui seeks Aramco role

China Daily (USA) - - BUSINESS -

Su­mit­omo Mit­sui Fi­nan­cial Group Inc is seek­ing to work with Saudi Ara­bian Oil Co on its ini­tial pub­lic of­fer­ing, Chair­man Masayuki Oku said as his bank signed a busi­ness agree­ment with the world’s big­gest crude pro­ducer. Saudi Ara­bia is pre­par­ing to sell a stake in the com­pany known as Saudi Aramco that could raise as muchas $100 bil­lion in the big­gest IPO ever.

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