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


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)
From other sites
Comments (1)
  • gcmagone
    , contributor
    Comments (1079) | Send Message
     
    I quess anything is better than the former partnership with those Russian billionaires. At least BP seems to have Putin ear....that's worth a lot in that country.
    22 Oct 2012, 07:35 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs