BP grabs near-20% stake in Rosneft

Press Association
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BP is to take a near-20% stake in what will become the world's largest publicly listed oil producer as part of a £16.7 billion deal.


State-backed Russian energy firm Rosneft has agreed to buy BP's 50% stake in its troubled TNK-BP joint venture for 17.1 billion US dollars (£10.7 billion) in cash and 9.7 billion US dollars (£6 billion) worth of Rosneft shares.
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