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.

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