BP Appeals to Sovereign Funds in the Middle East and Asia for Support Against Takeover Bids

BP (BP) is seeking support from sovereign wealth funds in the Middle East and Asia to defend itself from any takeover bids while it deals with its massive U.S. oil spill, a senior UAE source said on Tuesday. BP executives have held talks with a number of sovereign wealth funds (SWFs) including Abu Dhabi, Kuwait, Qatar and Singapore, the source told Reuters under condition of anonymity – Reuters

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