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Saudi Aramco Separates Non-Oil From Core Oil Assets, Makes Green Energy Push Ahead of IPO

The oil giant’s Green Energy push with investments of as much as $5 billion is being seen by investors as widening the appeal of the IPO. Jun 4, 2018 (BE2C2) — Saudi Aramco has created a subsidiary to house its multibillion dollar pension fund and could spin off its aviation division, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO) in 2019. The move is designed to streamline Aramco’s operations and could make it easier to value since its businessRead More