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I think they were asking $2 Trillion, and deals with developing countries always involve a "no-layoffs clause", which is mostly nepotism. See Air India's "propo
by captain_perl 8y ago
I think they were asking $2 Trillion, and deals with developing countries always involve a "no-layoffs clause", which is mostly nepotism. See Air India's "proposed sale" for an example.
Additionally, the recent royal family instability and waiting until solar and wind took off (ie. competition) didn't help.
It would be cheaper to just hire Xe and take over the country, which you would need to do anyway to enforce your ownership stake.
- valuearb 8y agoOnly fools would have ever bought into the Aramco IPO. The vast majority of IPOs are sucker bets for investors, companies selling high to take advantage of their likely peak value. But in Aramcos case you’d have actual self dealing despots controlling your investment, and eventually they’d make clear how junior their junior partners really were.