Poging GOUD - Vrij
Activist Elliott said to build stake in struggling oil major BP
Mint Mumbai
|February 10, 2025
Fund seeking to boost shareholder value by pushing firm to consider transformative measures
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Elliott Investment Management has built a significant stake in BP Plc, according to people familiar with the matter, as the British oil major struggles to win back investor confidence and reverse years of underperformance.
The activist fund is seeking to boost shareholder value by pushing the firm to consider transformative measures, the people said, asking not to be identified because the discussions are private.
Elliott believes BP is significantly undervalued and its performance is disappointing, they said. The exact size of the stake couldn't be immediately learned.
Representatives for Elliott and BP declined to comment.
Dit verhaal komt uit de February 10, 2025-editie van Mint Mumbai.
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