BP confirms the sale of its 50% share of TNK-BP to Rosneft for $17.1B in cash and a 12.84% stake...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP confirms the sale of its 50% share of TNK-BP to Rosneft for $17.1B in cash and a 12.84% stake in Rosneft. BP intends to use $4.8B of the cash to buy an additional 5.66% of Rosneft from the Russian government, giving it a 19.75% stake in the company once the deal is complete. BP +1.3% permarket. (PR)