Elliott builds £4bn stake in BP as it seeks to force renewables cuts
Activist hedge fund Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent stake worth almost £3.8bn, as it seeks to force the troubled UK oil major to cut spending on renewables and make big divestments, according to two people close to the situation.
Activist investor Elliott Management has disclosed a stake of about 3.8 billion pounds ($4.75 billion) in BP , making it the ...
The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.
Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic ...
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
Elliott Investment Management expected to use its influence to force supermajor to move away from low-profit renewables ...
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
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