UK govt says it would oppose any takeover of BP: report
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BRITAIN'S outgoing government has told BP Plc that it wants the company to remain a British industrial champion and it would oppose any takeover of the oil producer, the Financial Times reported.
The message follows the US$70 billion deal to acquire rival producer BG Group by oil major Royal Dutch Shell, which has sparked speculation of a larger wave of consolidation similar to the one at the end of 1990s during another oil price decline.
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