Apr 12, 2024, 9:26 AM
Mar 13, 2024, 12:28 PM

The Abu Dhabi state oil company is said to be interested in buying the British oil company

The Guardian
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Source
Abu Dhabi state oil company reportedly looked at buying BP

Abu Dhabi state oil company reportedly looked at buying BP. Adnoc decided move was not right fit but it is latest sign of foreign buyers circling UK firms. Abu Dhabi's state-run oil company decided not to buy BP in the UK. It is the latest sign that foreign buyers are circling UK companies.

Euro News
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UAE state oil company has BP in sights as potential takeover target

Adnoc’s takeover bid for BP is the latest in a string of acquisition bids for energy companies. ExxonMobil's agreement to purchase Hess Corporation is another example of an acquisition bid for an energy company. AdnOC’S takeover bid is latest in string of attempts to buy energy companies such as ExxonMobil.

The Telegraph
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Source
BP draws takeover interest from UAE oil giant

Adnoc’s interest is likely to reignite speculation that BP, which is worth £88bn, could be acquired. The UAE oil giant is expected to make a bid for BP in the near future. BP is worth around £88billion and is worth more than £60bn.

CNBC
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Source
BP and Abu Dhabi National Oil Co. suspend major purchase in Israeli gas firm

BP and Abu Dhabi National Oil Co. suspend major purchase in Israeli gas firm. The deal would have seen BP and Adnoc buy a 50% stake in the Israeli gas producer. BP and the Abu Dhabi oil giant would have bought 50% of the Israeli firm.

CNBC
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Source
BP and Abu Dhabi National Oil Company suspend major purchase in Israeli gas firm

BP and Abu Dhabi National Oil Company suspend major purchase in Israeli gas firm. The deal would have seen BP and Adnoc buy a 50% stake in the Israeli gas producer. The two companies would have bought 50% of the Israeli company's gas production. BP and the Abu Dhabi oil company have suspended the deal.

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