-- British energy giant BP was recently eyed as a potential takeover target by Abu Dhabi National Oil Co., also known as Adnoc, Reuters reports citing unnamed sources.
-- However, the deliberations of the United Arab Emirates' state-owned company didn't advance beyond initial discussions, mainly due to BP not fitting its strategy, while political considerations also weighed on the decision, Reuters reports.
-- Adnoc also mulled buying a big stake in BP, which was one of many companies the Emirate giant looked at, Reuters reports.
-- BP declined to comment while Adnoc didn't immediately respond when contacted by Dow Jones Newswires.
Full story: https://tinyurl.com/vp23mmxb
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
04-12-24 0247ET