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BP (BP) is in negotiations to sell its 50% stake in TNK-BP to Rosneft for $10B-$15B in cash and...

BP (BP) is in negotiations to sell its 50% stake in TNK-BP to Rosneft for $10B-$15B in cash and at least 12.5% of the latter's shares, the Kommersant financial daily reports. To pay for the deal, other reports say Rosneft is attempting to raise $15B-$20B in debt from foreign and Russian banks. BP and Rosneft met Vladimir Putin on Tuesday to discuss the deal. (previous)
Comments (4)
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    So did BP come out ahead. How did the former CEO Hayward do?
    20 Sep 2012, 06:38 AM Reply Like
  • Peppino
    , contributor
    Comments (26) | Send Message
     
    Smart move for BP. Sorry for other western oil Co. who are in the process to get involved with the Russians.
    20 Sep 2012, 07:14 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    thank you
    20 Sep 2012, 07:19 AM Reply Like
  • benandling.thompson@gmail.com
    , contributor
    Comments (6) | Send Message
     
    BP shares should begin to achieve a valuation consistent with their peers. Within two years, I see a $65 stock.
    20 Sep 2012, 08:22 AM Reply Like
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