BP Breaks Off Talks With Russian Partners AAR

BP Breaks Off Talks With Russian Partners AAR
dj
Τετ, 13 Απριλίου 2011 - 18:09
BP PLC (BP) Wednesday broke off talks with its Russian billionaire partners in TNK-BP, on the eve of a deadline to complete a $16 billion share swap with Rosneft (ROSN.RS), the Financial Times reports on its website.
BP PLC (BP) Wednesday broke off talks with its Russian billionaire partners in TNK-BP, on the eve of a deadline to complete a $16 billion share swap with Rosneft (ROSN.RS), the Financial Times reports on its website.

Citing "people close to the discussions," the report says BP ended talks with Afa-Access-Renova because of "unrealistic" demands for a buyout of their 50% stake in the TNK-BP joint venture.

A BP spokeswoman declined to comment on the report when contacted by Dow Jones Newswires and said any relevant news would be announced by the company.

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