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British lipid elephantine Shell is denying reports that it is successful talks to bargain rival BP
LONDON -- British lipid elephantine Shell connected Thursday denied media reports that it is successful talks to bargain rival BP.
The Wall Street Journal connected Wednesday said Shell was holding “early signifier talks,″ to get BP, citing radical acquainted with the matter.
“In effect to caller media speculation Shell wishes to clarify that it has not been actively considering making an connection for BP and confirms it has not made an attack to, and nary talks person taken spot with, BP with regards to a imaginable offer,” Shell said successful a connection to the London Stock Exchange.
Shell has repeatedly denied speculation that it was considering a takeover of its smaller rival BP, saying it was focused connected streamlining and simplifying its ain business.
Some analysts person suggested BP would beryllium an charismatic takeover aft a program to displacement its absorption to renewable energy, which was abandoned earlier this year, near its shares undervalued successful examination to different lipid companies.
BP has besides struggled to retrieve from the 2010 Deepwater Horizon disaster, which killed 17 workers and forced the institution to wage billions of dollars for biology harm successful the Gulf of Mexico.
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