Russian TNK-BP investors seen eyeing stake in BP
BP’s partners in Russian oil unit TNK-BP offered to swap their 50% share in the Russian company for 7.6% of shares in the oil major, Russian newspaper Kommersant reported on Monday.
At Friday’s closing price of 585.25 pence per share, BP was worth £110.12 billion, making 7.6% of BP worth $16.3 billion. On Thursday, one of the Russian shareholders, Viktor Vekselberg, told Reuters a share swap had been discussed “as an idea”, but was unlikely to come about while the shareholders wage a public relations war over management and strategy at TNK-BP. (Reuters)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.