Trending: BP PLC Partners With Adnoc to Take NewMed Energy Private
28 Março 2023 - 11:26AM
Dow Jones News
1356 GMT - BP PLC is among the most mentioned companies across
news items over the past six hours, according to Factiva data after
the oil giant said that it has partnered with Abu Dhabi National
Oil Co. to take NewMed Energy LP private. BP and Adnoc are buying
the free float and some shares owned by Delek Group Ltd. to bring
their shareholding to 50% of NewMed. They then plan to create a new
international gas development joint venture company and explore
other options to expand the partnership. "This proposed transaction
is consistent with BP's stated strategy and financial frame
including current guidance for capital expenditure," BP said. BP
shares are up 2% at 506.20 pence. Dow Jones & Co. owns Factiva.
(ian.walker@wsj.com.)
(END) Dow Jones Newswires
March 28, 2023 10:11 ET (14:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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