Shell ‘no intention’ of making offer to buy BP after £60bn takeover rumours
by Jillian Ambrose Energy correspondent from World news | The Guardian on (#6Y83K)
Shell doubles down on denials after media reports of early talks with rival BP to create 200bn UK oil company
Shell has said it has no intention" of making an offer for the rival fossil fuel company BP after speculation it had been planning a 60bn takeover, ruling out a formal approach for the next six months.
In an official statement to markets on Thursday, the company doubled down on the previous day's denials that it was planning a bid, following media reports that it was in early talks with its competitor to create a 200bn UK oil supermajor.
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