Rosneft to Acquire 50% Stake in TNK-BP from BP for US$26.8 Billion New Report
OJSC Rosneft Oil Company (Rosneft) agreed to acquire a 50% stake in OJSC TNK-BP Holding (TNK-BP), from BP p.l.c. (BP) for a purchase consideration of US$26.8 billion. Of the total consideration, Rosneft will pay US$17.1 billion in cash, and the remaining US$9.7 billion will be through the issuance of 1,360,449,797 shares to BP, at a price of US$7.13 per share as on October 18, 2012, representing a 12.84% stake.
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