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Wednesday, April 13, 2011
BP breaks off talks with Russian partners
BP breaks off talks with Russian partners BP’s talks on buying out its Russian billionaire partners in TNK-BP broke down on Wednesday on the eve of a deadline to complete a $16bn share swap with Rosneft. People close to the discussions said BP and Rosneft had ended talks with Alfa-Access-Renova, the billionaires' vehicle, because the oligarchs made “unrealistic” demands for a buyout of their 50% stake in TNK-BP, BP’s existing Russian oil venture
http://link.ft.com/r/6NPSBB/
http://link.ft.com/r/6NPSBB/
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