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

Admin By Admin Apr12,2024


CommoditiesDealsEnergy

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



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