By Benjamin Horney ( January 24, 2019, 3:49 PM EST) -- State-run Saudi Aramco is in the market for advisers to put together debt financing for a deal that would see the oil giant acquire a stake in Saudi Arabian Basic Industries Corp., according to a Thursday report from Reuters. According to the report, which cited banking sources, Saudi Aramco asked banks to submit proposals this week, and submissions are expected by Monday. The anticipated deal will involve Saudi Aramco buying all, or almost all, of the 70 percent stake in SABIC that is currently owned by the Public Investment Fund, the report said. The deal could be valued at as much as $70 billion, the report noted, and previous reports have said Saudi Aramco may borrow up to $50 billion from "international investors" to help pay for the transaction....
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