Abu Dhabi Oil Giant Is Said to Evaluate Deal for Some BP Assets
Abu Dhabi's main oil company is evaluating whether it can buy some of BP Plc's key assets should the embattled British firm decide to break itself up or come under pressure to divest more units, according to people with knowledge of the matter.
Abu Dhabi National Oil Co. has been internally studying the prospects for acquiring some BP assets and has held initial consultations with bankers, the people said, asking not to be identified because the discussions are private. It is also considering partnering with another bidder to split some of the assets, they said.
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