The BP and Shell concern are currently conducting talks to lead to the takeover of the first of the mentioned. This information, which was the first to be given by “The Wall Street Journal”, electrified the markets. If there were a transaction, it would be one of the largest merger in the European market in history.
However, the journal in its material cooled emotions. He pointed out on the one hand that “conversations are ongoing”, but on the other he emphasized that they were going “very slowly” and the potential “contract is far from certainty.”
For investors, however, the above information was sufficient to decide on action. In response to the reports, the valuation of the values of BP fired up and at times even reached to the level of 7 percent. in the plus.
However, euphoria did not last long.
The Internet service of CNBC television has published a material in which he informed – citing his own anonymous sources – that it is unlikely that Shell would buy the whole BP. Indicated However, for another, much more likely scenario. CNBC sources indicated that if there was a transaction, it will probably be a series of purchases, where different parts of BP will be purchased by many different companies.
However, the above speculation turned out to be wrong. All thanks to one statement, which was given by the spokesman for Shell.
“This is another market speculation. There are no conversations,” Bloomberg's agency said, asked about the reports of The Wall Street Journal, which denied reports that the company was conducting talks about the takeover of its London oil rival of Bishop.
The above information ended the euphoria of investors and now, at the time of this material, BP's share price stabilized at the level strongly below today's peaks. The valuation of values increases by about 1.6 percent.
