BP notifies Alfa Access Renova pursue sale interest in TNK-BP

BP notifies Alfa Access Renova to pursue sale of interest in TNK-BP

4:39 AM, 13th June 2012
BP notifies Alfa Access Renova to pursue sale of interest in TNK-BP

LONDON, UK: BP received unsolicited indications of interest regarding the potential acquisition of its shareholding in TNK-BP, a Russian oil company owned equally by BP and Alfa Access Renova. In light of these unsolicited approaches and consistent with its commitment to maximising shareholder value, and its obligations under the shareholder agreement, BP has notified Alfa Access Renova of its intention to pursue a potential sale. There can be no guarantee that any transaction will take place. A further announcement will be made when and if appropriate.

© WOC News 



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Jacobs gets Sadara’s contract for three polyethylene trains

PASADENA, US: Jacobs Engineering Group Inc has been awarded an In-Kingdom engineering, procurement and construction management (EPCM) contract for thr ...

Read more
Bayer acquires watermelon and melon seed business of Abbott & Cobb

MONHEIM, GERMANY: Bayer CropScience has entered into an agreement to purchase the watermelon and melon seed business of Abbott & Cobb Inc. The acq ...

Read more
Aegion bags Aurora, Colorado rehabilitation contract

SAINT LOUIS, US: Insituform Technologies, subsidiary of Aegion Corporation, has been awarded a $5 million contract from the city of Aurora, Colorado f ...

Read more
Linde to supply fluorine to SK Hynix Semiconductor

MUNICH, GERMANY: Linde Gases, a division of The Linde Group, signed a significant long-term supply contract with SK Hynix Semiconductor, a world-leadi ...

Read more
Nanotechnology breakthrough to improve medical tests

PRINCETON, US: A laboratory test used to detect disease and perform biological research could be made more than 3 million times more sensitive, accord ...

Read more
India to dispose Union Carbide toxic waste in Germany

BHOPAL, INDIA: A Group of Ministers (GoM) gave approval to Madhya Pradesh government to dispose of 350 metric tonne of Union Carbide toxic waste in Ge ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X