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BP Plc Announces Sale Of Interests In Alba And Britannia Fields To Mitsui & Co., Ltd.
BP Plc announced that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. for $280 million in cash. The sale comprises BP's non-operating 13.3% stake in Alba and 8.97% stake in Britannia. Completion of the deal is anticipated by the end of Q3 2012.
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