Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Aramco taps Citi for oil storage stake sale
Mint Hyderabad
|November 27, 2025
Saudi Aramco has chosen Citigroup to help arrange a potential multibillion-dollar stake sale in its oil export and storage terminals business, people familiar with the matter said.
-
Aramco is expected to begin its sale process next year.
(REUTERS)
The US investment bank was recently selected after a pitching process that drew proposals from several other Wall Street lenders, the people said, asking not to be identified as the matter is private.
This story is from the November 27, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
Serentica may raise $8 bn for expansion
Serentica Renewables plans to raise between $6 billion and $8 billion over the next five years, to help fund acquisitions and build projects as it looks to more than double its clean energy capacity in India, a top executive said.
1 min
November 28, 2025
Mint Hyderabad
Avaada to invest ₹1 trillion in 5 years
Renewables-focused Avaada Group is aiming to invest ₹1 trillion across the country over the next five years as part of its expansion into both power generation and associated businesses.
1 min
November 28, 2025
Mint Hyderabad
Paint firms strengthen moats as competition heats up
A bruising market-share battle is escalating in India's ₹70,000-crore paints sector, forcing companies to look beyond aggressive discounting and instead strengthen their foothold in key geographical areas while sharpening their product portfolios.
2 mins
November 28, 2025
Mint Hyderabad
Sebi now trains sights on commodity derivatives
Following clampdown on equity derivatives after studies revealed steep retail losses, the stock market regulator is turning its attention to the commodity derivatives segment (CDS).
1 mins
November 28, 2025
Mint Hyderabad
VentureSoul closes first debt fund at ₹300 crore
VentureSoul Partners has announced the close of its maiden debt fund at ₹300 crore, with plans to raise an additional ₹300 crore through a green shoe option by February 2026.
1 min
November 28, 2025
Mint Hyderabad
Lok Sabha committee reviews insolvency law changes
The revised bill is likely to be tabled in the second or third week of December.
1 mins
November 28, 2025
Mint Hyderabad
CANADA'S STARTUP VISA: PUTTING LIVES ON HOLD
Legal uncertainty has left entrepreneurs stuck despite building businesses and putting down roots
8 mins
November 28, 2025
Mint Hyderabad
Diversification holds the key to reducing our trade vulnerability
India's merchandise exports are less exposed to US policy vagaries than services. The latter need to find new export markets
4 mins
November 28, 2025
Mint Hyderabad
Paytm gets nod for payment aggregator
Fintech firm One97 Communications said its subsidiary Paytm Payments Services Ltd (PPSL) has got the Reserve Bank of India (RBI) permit to operate as a payment aggregator.
1 min
November 28, 2025
Mint Hyderabad
Consumers warm up to Bolt as it aces 10-min hunger games
A year after launch, Bolt is emerging as Swiggy's fastest-scaling bet.
2 mins
November 28, 2025
Listen
Translate
Change font size