AAR will make a "competitive" offer for BP's 50% stake in TNK-BP by Oct. 17, one of the group's...

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

AAR will make a "competitive" offer for BP's 50% stake in TNK-BP by Oct. 17, one of the group's billionaire tycoons says. An offer would raise the prospect of a bid contest between AAR and Rosneft, which also has expressed interest in BP's stake in TNK-BP, Russia's third-largest oil company. BP -0.7% premarket.