Rosneft (RNFTF.PK) reportedly is set to announce it has finalized an agreement with the AAR...

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

Rosneft (RNFTF.PK) reportedly is set to announce it has finalized an agreement with the AAR group of billionaires to buy their 50% stake in TNK-BP for $28B. A deal would follow an agreement in October that Rosneft reached with BP to buy the other half of the Russian oil venture in cash and stock valued at a similar sum to the pending AAR pact.