Friday, September 23, 2005
BP declines comment on rumored Repsol bid - report
Story: British Petroleum, the listed UK oil giant, won't make comments about its rumoured bid for Repsol, the Spanish oil company, according to a 22 September AFX report.
The report cited a spokesman from BP who said the company would not address "rumours".
The report said rumours are currently circulating about BP making a EUR 30 per share offer for the Spanish company, and that Repsol shares began trading at EURO 26.99 on the news.
Repsol had a USD 40bn market cap in morning trading on the New York Stock Exchange.
Source: AFX
Value: $40,000m (Target market cap)
