In association with BP Plc's (BP: Quote,BP_UN.TO: Quote,BP.L) recent statements on its plan to pursue a potential sale of its participation in TNK-BP, Rosneft (ROSN.L) has informed BP of Rosneft's interest in a potential acquisition of such participation. Consequently, the parties agreed to begin talks on this matter and inked a non-disclosure deal.
Rosneft was informed that the other TNK-BP shareholders have also indicated their interest in byuing part or all of BP's participation and that BP has an obligation as per the shareholders' deal to negotiate in good faith with the other shareholders. Rosneft anticipates that the purchase of BP's interest in TNK-BP would be in the best interest of both Rosneft's and BP's shareholders and would lead to further development of TNK-BP.
There can be no assurance that Rosneft and BP would reach any transaction involving TNK-BP.
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by RTT Staff Writer
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