Rosneft (RNFTF.PK) expects to sign in December a legally binding agreement with AAR to buy the...

|About: Rosneft Oil Company OJSC (RNFTF)|By:, SA News Editor

Rosneft (RNFTF.PK) expects to sign in December a legally binding agreement with AAR to buy the Russian group's 50% stake in the TNK-BP oil venture, Rosneft CEO Igor Sechin says. Rosneft has signed agreements to buy out the tycoons for $28B in cash as part of a $55B deal in which it will also acquire BP's 50% stake in TNK-BP.