Oil publisher Argus Media hires BAML for sale, IPO

argus-logoArgus Media Group has hired bankers to consider strategic options for the business, including a sale or a stock market flotation.

The London-based company, which helps assess global oil prices and provide industry news, said it had appointed Bank of America Merrill Lynch to conduct a review of its business after receiving approaches from several prospective investors, including trade buyers and private equity funds, reports Anjli Raval and Neil Hume in London.

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