LONDON, June 20 BP (BP.L) is planning to raise
$50 billion to cover the cost of the largest oil spill in U.S.
history, London's Sunday Times reported without citing sources.
The paper said BP planned to raise $10 billion from a bond
sale, $20 billion from banks and $20 billion from asset sales
over the next two years.
The oil major had said last week that it would suspend
dividends and increase the pace of asset sales to $10 billion
this year. [ID:nN16172720]
A spokesman for the group would not confirm any numbers on
Sunday, when asked about the Sunday Times report.
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Special Report: Wall Street touted BP [ID:nN18126202]
(Reporting by Victoria Bryan; Editing by Jon Loades-Carter)