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The AAR consortium, which owns a 50% stake in TNK-BP, votes against BP's (BP) proposal that...
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Monday, July 30, 2012, 3:29 AM ETThe AAR consortium, which owns a 50% stake in TNK-BP, votes against BP's (BP) proposal that TNK-BP should pay a $1B interim dividend. "At a time of continuing market uncertainty and while corporate governance at TNK-BP remains strained, we believe that a cautious stance by shareholders is called for. A payment now of an additional dividend is not prudent."
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