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'No showstoppers': Positive signs on $2 billion BP-Adnoc offer to buy half Israeli company - Upstream Online

Upstream Online · last updated

'No showstoppers': Positive signs on $2 billion BP-Adnoc offer to buy half Israeli company | Upstream Online

'No showstoppers' have come up that would derail a $2 billion acquisition by BP and Adnoc of a 50% stake in Israeli upstream player NewMedEnergy.

In March, UK supermajor BP and UAE state-owned player Adnoc agreed to jointly acquire for about $2 billion a 50% stake in Israeli explorer NewMed.

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