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

|About: BP p.l.c. (BP)|By:, SA News Editor

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)