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Aramco is in talks with the Public Investment Fund to buy a stake in SABIC
Saudi Aramco and Saudi Arabia's sovereign wealth fund said on Thursday they were in early stages to buy Aramco a stake in Saudi Basic Industries Corporation (SABIC).
The company and the fund stated that a deal was not certain.
"Saudi Aramco does not plan to acquire any of SABIC's shares directly from the Saudi stock market (Tadawul)," the oil company said.
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