UAE's ADNOC recently eyed BP as takeover target  | Reuters News Agency
CommoditiesDealsEnergy

UAE’s ADNOC recently eyed BP as takeover target 

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. 

Market Impact

Shares of the 88 billion-pound British oil major rose by more than 3%, outperforming peers and the broader FTSE100 Index.



Article Tags
Topics of Interest: CommoditiesDealsEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe / Middle East / Africa
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Flash_041224 - BP
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