BP, Rosneft set for $25 billion-plus TNK-BP deal

By Andrew Callus and Alexei Anishchuk

LONDON/MOSCOW |
Sat Oct 20, 2012 7:02pm EDT

LONDON/MOSCOW (Reuters) – Rosneft (ROSN.MM) and BP (BP.L) are scheming to announce a understanding value over $25 billion that could give a British oil association a interest of between 16 and 20 percent in a state-controlled Russian appetite firm, sources informed with a conditions said.

The agreement, that has nonetheless to be finalized though that could be done open on Monday or Tuesday, folds BP’s half of TNK-BP (TNBP.MM), Russia’s third-largest oil company, into Rosneft, in sell for money and Rosneft stock.

It allows BP to finish a inclement relationship

Read full article: http://www.skynews.com.au/businessnews/article.aspx?id=808034

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Source:
http://www.news.ezonearticle.com/2012/10/21/bp-rosneft-set-for-25-billion-plus-tnk-bp-deal-2/