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Gazprom to buy control of TNK-BP: report

Thu Apr 24, 2008 8:06am EDT
 
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MOSCOW (Reuters) - Russia's gas export monopoly Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz) will buy control of oil major TNK-BP TNBPI.MM, which is half owned by BP (BP.L: Quote, Profile, Research, Stock Buzz), for $20 billion by the end of the year, the Vedomosti daily reported on Thursday.

The report cited unidentified sources close to the management of both companies.

(Reporting by Simon Shuster, Editing by Guy Faulconbridge)

 

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