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Originally posted by icecold7
BP IS LYING ALL THE WAY
THIS THREAD SHOUJLD BE CLOSED
CU7ZZ WE ALL GET IT
Originally posted by kno22
reply to post by StealthyKat
By now I should know how to add a youtube link...but I don't. The vid following the one you listed is also very informative. The title is *BP OIL SPILL: VOLCANIC TSUNAMI AND POISON GAS ALERT*
Anyone feel up to a tutorial? I tried the embed option & got a whole string of letters & symbols..lots of = symbols.
BP is pitching itself to potential strategic investors in Abu Dhabi, Qatar, and Kuwait, hoping to bolster its finances without asking for a government bailout, and to also protect it from potential M&A activity in the industry.
They've taken a page right out of the old Barclays playbook:
Sheikh Mansour bin Zayed al-Nahyan, head of IPIC and owner of Manchester City FC, was a key figure in Barclays' £7bn capital raising exercise almost two years ago when Middle Eastern investors, including the Qatari royal family, stumped up £5.3bn of the total. A year ago IPIC sold its 11pc Barclays stake and walked away with a profit of £1.45b.
Senior figures in Middle East financial circles said proposals linked to the strategic investment have been presented to BP. One told The National newspaper in Abu Dhabi: "BP knows there is potential support from the Middle East."
IPIC has major stakes in 14 international oil and gas businesses and a foothold in BP would provide powerful leverage for the group. Some analysts feel BP's $10b asset sale might prove a more attractive proposition but there would be more than a touch of irony if the KIO ended up raising its stake. More than 13 years ago the KIO, after saving a BP share sale from disaster, was prevented from using its 21.7pc stake to mount a takeover bid.