Canada's TMX says no plans for talks with Saudi Aramco over IPO


  • World
  • Thursday, 09 Aug 2018

A logo for TMX Group, which operates the Toronto Stock Exchange, is seen after the company announced it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms in Toronto, Ontario, Canada April 27, 2018. REUTERS/Chris Helgren

(Reuters) - Canada's TMX Group Ltd said on Wednesday it had no plans for further talks with oil company Saudi Aramco about a partial listing on the Toronto Stock Exchange as part of what is expected to the world's largest initial public offering.

Exchange operator TMX had campaigned hard for a piece of the IPO and said as recently as a few months ago it was still in the running. However, separately, Saudi Arabia froze all new trade with Canada on Sunday and expelled the Canadian ambassador in response to Ottawa's call to free arrested Saudi civil society activists.

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