Javier Blas
Stories by Javier Blas
Saudi crown prince promises Aramco IPO by 2021
Mohammed bin Salman is also sticking to his ambitious view the state-run company is worth $2 trillion or more.
The man who triggered the $10b Noble Group collapse finally speaks
Noble’s market capitalization stands at $115 million. At its peak in 2011, the company was valued at $11.7 billion.
Saudi Aramco said to line up banks to fund Sabic acquisition
Aramco is considering buying 50-70% from the Public Investment Fund, the country’s sovereign wealth fund, which controls Sabic
Saudi wealth fund set to pocket billions from Aramco-Sabic deal
The Public Investment Fund, the country’s sovereign wealth fund, controls 70 percent of Sabic, with the rest of the company’s shares listed on the
Noble Group founder Richard Elman pushing for new restructuring deal
Elman is pushing for a better deal for himself and others days after the Singapore’s stock market regulator criticized the restructuring plan.
Noble Group’s restructuring likely to cost more than $100m
The estimated price tag for advisers and other expenses, based on regulatory filings, is approaching the company’s entire market value of $114 milli
Noble Group to hand control to creditors following $3.5b debt restructuring
The creditors, including Och-Ziff Capital Management, Davidson Kempner Capital Management and Taconic Capital Advisors, will control 70% of the new co
Noble said to move toward debt-for-equity restructuring to secure survival
Although a deal remains some way off, the new direction is a departure from Noble’s original proposal, which involved exchanging current debt, inclu
Singapore-listed Noble Group loses key bank support as DBS cuts loans
DBS sold its $60 million stake in Noble’s $1.1 billion revolving credit facility due in May next year.
Trump urges Saudi Aramco to list on the NYSE
The move raises the political stakes for what would be the largest initial public offering.
