• 11/27/2024

UAE’s ADNOC recently eyed BP as takeover target 

Reuters

Reuters was first to report that UAE state-owned energy giant ADNOC had weighed a bid for BP but decided against proceeding amid concerns about the strategic fit and political considerations.  Shares of the 88 billion-pound British oil major rose by more than 3% on Friday, outperforming peers and the broader FTSE100 Index. 

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https://www.reutersagency.com/en/reutersbest/article/uaes-adnoc-recently-eyed-bp-as-takeover-target/