Asset Management

Fund managers snub Aramco listing

Allianz Global Investors is one of a number of investors to rule itself out of buying into the world's largest ever share sale

Fund managers snub Aramco listing
Photo: iStockphoto

Allianz Global Investors is one of a number of large investors to rule itself out of buying into the world's largest-ever share sale.

Saudi Aramco is prepping to float up to 5% of its shares next year in a deal that could value the the state-run oil major at more than $2tn - making it the biggest initial public offering of all time.

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