Saudi Aramco is exploring ways to unlock several billion dollars by divesting select assets, according to Bloomberg.
People familiar with the deliberations told Bloomberg that the state energy company is evaluating the potential sale of an interest in its crude export and storage facilities and has invited banks to propose roles on feasibility assessments. Early estimates suggest any deal could exceed $10 billion, Bloomberg reported.
The news agency also said Aramco is reviewing options that may include issuing new equity tied to the transaction, and evaluating the potential sale of portions of its real estate holdings.
Talks remain preliminary and there is no certainty the company will proceed, Bloomberg reported.
Aramco shares were down about 1.6% in Monday trading.
