Elliott Management expected to demand strategy changes including pushing to abandon green energy pledge
The activist hedge fund targeting BP has amassed a stake in the oil company worth almost £3.8bn, or 5% of its shares, to become its third biggest shareholder, according to reports.
Elliott Management is widely expected to use its grip on the 120-year-old company to demand sweeping changes, including a potential break-up of the company, after BP lost almost a quarter of its market value in the past two years.
