UK government would oppose any takeover of BP says FT
UK government would oppose any takeover of BP -FT
(Reuters) – Britain’s outgoing government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Financial
Times reported.
Times reported.
The message follows the $70 billion deal to acquire rival producer BG by oil major Royal Dutch Shell, which has sparked speculation of a larger wave of consolidation similar to the one at the end of 1990s during another oil price decline.
British officials have said the government would be “sceptical” about any takeover – even if it involves Royal Dutch Shell – because it wants the country to have two big global oil companies, the FT reported. (on.ft.com/1bu3XqD)
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