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Bookmark or Share- Rosneft agrees to acquire a 50% stake in TNK-BP from BPRosneft today announces that it has entered into an agreement in principle with BP to acquire its 50% interest in TNK-BP in exchange for $17.1 billion in cash and 12.84% Rosneft shares currently held in treasury.
- TNK-BP - The New York TimesRussia’s Rosneft Courts Investors in TNK-BP Deal. In purchasing TNK-BP, the Russian state-owned oil giant will become the world’s largest publicly traded oil company by output, but that won...
- Rosneft Consolidates 100% of TNK-BPRosneft today announces the completion of transactions to acquire TNK-BP. Rosneft has finalised the deals to acquire BP’s 50% share in TNK-BP in exchange for $16.65 billion in cash and 12.84% of Rosneft shares. Separately BP acquires 5.66% of Rosneft shares from OFSC ROSNEFTEGAZ.
- BP, Rosneft and Rosneftegaz sign definitive agreements relating to the ...BP will sell its 50 per cent shareholding in TNK-BP to Rosneft for $17.1 billion in cash and shares representing a 12.84 per cent stake in Rosneft; BP will then use $4.8 billion of these cash proceeds to purchase an additional 5.66 per cent stake in Rosneft from the Russian Government.
- TNK-BP - WikipediaTNK-BP is a vertically integrated oil company with a diversified upstream and downstream portfolio in Russia and Ukraine. Its upstream operations are located primarily in Siberia and Volga-Urals region. In 2009 the company (excluding its 50% share in Slavneft) produced on average 1.69 million barrels per day (269 × 103 m 3 /d) of oil equivalent.
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