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Topic Summary

Posted by: NelsonGoni
« on: April 25, 2024, 12:43:00 AM »

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. 


The post UAE’s ADNOC recently eyed BP as takeover target  appeared first on Reuters News Agency .


Source: UAE’s ADNOC recently eyed BP as takeover target 

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