Science & Environment
UAE’s ADNOC recently eyed BP as takeover target |…
CommoditiesDealsEnergy
12 April 2024, 2:27 am 1 minute
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
