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21 January 2018 00:31 (South Africa)

Saudi investors could buy BP stake

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

A group of Saudi investors are looking to buy a 10% to 15% stake in BP, a Saudi Arabian newspaper reported on Wednesday. The names of the investors we were not published. BP is certainly not averse to wooing Middle East investors - chief executive Tony Hayward is set to meet oil industry players in the United Arab Emirates on Wednesday.  Read more: Reuters

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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