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Not only is Rosneft acquiring BP's (BP) 50% stake in TNK-BP, it has also agreed to buy the 50%...
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Monday, October 22, 2012, 8:13 AM ETNot only is Rosneft acquiring BP's (BP) 50% stake in TNK-BP, it has also agreed to buy the 50% owned by AAR, which represents four Russia-based billionaires, for $28B in cash. That's above the $26.8B value of BP's deal. The agreements will increase Rosneft's control of Russian oil output to around a third and raise that of the state to nearly 50%. (PR)
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