Adnoc decided move was not right fit but it is latest sign of foreign buyers circling UK firms
Abu Dhabi’s state-owned oil company reportedly recently explored a multibillion-pound bid for BP in a sign that depressed share values in London are making even the biggest British businesses takeover targets.
Abu Dhabi National Oil Company (Adnoc) considered options including purchasing BP or acquiring a large stake before deciding it was not the right fit and abandoning preliminary discussions, according to Reuters.
