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BP CEO Hayward Meets Potential Investors in UAE: Source - ASHARQ AL-AWSAT English Archive
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ABU DHABI (Reuters) – BP Chief Executive Tony Hayward has met with representatives of the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, a UAE official source said on Wednesday.

The oil major, grappling with a devastating oil spill in the Gulf of Mexico, is looking for investors to help fend off any potential takeover attempts, a UAE source said on Tuesday.

Hayward presented “options” to ADIA in the meeting on Wednesday, the official source said, but was unable to give further details.

ADIA, the UAE’s main sovereign wealth fund, was not immediately available for comment.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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