Reuters – A stake in BP may seem like a curious purchase for sovereign wealth funds looking to diversify oil wealth, but it holds a definite allure: gas and renewable energy expertise and exposure to emerging economies.
Sources have said BP has approached a number of sovereign wealth funds (SWFs), including the world’s largest, Abu Dhabi Investment Authority, to secure cash to fend off takeover bids while it deals with its massive U.S. oil spill.
