TMX in talks to bring Saudi Aramco listing to Toronto
TMX Group , owner of the Toronto Stock Exchange, said on Wednesday that it is in talks with Saudi Arabia over the possibility of Saudi Aramco [IPO-ARMO.SE] listing in Canada. The IPO, which Saudi officials expect to value the oil producer at a minimum of $2 trillion, is the centrepiece of a Saudi Arabian government plan to transform the economy by attracting foreign investment and diversifying away from oil. TMX said the talks were part of efforts by a consortium of representatives from across C
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