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According to two people, the knowledge of this move has been built by the Elliott Management Hedge Fund.
The exact size of the Elliott's share could not learn, but the assets of $ 70 billion in the Hedge Fund administration have modified its activist strategy in recent years to increase the size of its individual bets, while reducing the number of situations it focuses on.
BP shares have fallen by almost 9 percent over the last year, compared to an increase in 6.5 % for the opponent, and investors complained about the company's financial performance, a high level of debt and a lack of strategic clarity.
Over the past few weeks, there has been speculation on the London market that BP is susceptible to the offer of receipt or activist shareholder.
After years of building the large empire of green energy projects, the pressure of the American investor could push BP to focus on its basic oil and gas companies.
One BP investor suggested that Elliott can call for a complete disintegration or to avert some of his weaker businesses and reinforce the US.
Other activist funds recently focused on the assembly of a share in BP, but the size of 70 billion GBP discouraged them. One American activist who was considering a step said the BP album “slept behind the wheel” and had a “confused strategy”. He added: “BP is upstream firm in itself justifies its entire market value.”
B and Elliott refused to express themselves.
BP reports quarterly results on Tuesday and will update investors about its medium -term strategy 26 February.
Murray Auchincloss, the CEO of the company, delayed the update and moved it from New York to London after he had passed the unpublished medical procedure.
Elliott is led in the UK and Europe by Gordon Singer, son of the founder of Paul Paul. The company focuses on companies such as the British mining group Anglo American and the pharmaceutical giant GSK.
The company is known as a fearsome activist investor who is willing to fight the battles at the meeting room if they do not agree with the strategic direction of society.
At the beginning of this week, FT announced that Elliott had built nearly 5 % of the UK, which is the conglomerate Smiths Groupto support the plan to sell or sell two of its four units.
The company scored a great victory in the US conglomerate Honeywell This week, when the company announced plans for division on Thursday, just three months after Elliott started the campaign to achieve this result.
Elliott's share in BP was first reported by Bloomberg.
Another report of Jamie Smyth in New York
