NK Rosneft' OAO Finishes Buying TNK-BP Holding OAO-Interfax
Interfax reported that NK Rosneft' OAO has completed all the legal and financial formalities involved in buying 100% of TNK-BP Holding OAO. NK Rosneft' OAO President Mr. Igor Sechin and BP Chief Mr. Robert Dudley have informed Russian President Mr. Vladimir Putin of this fact. The transactions wrapped up at 3:53 p.m. Moscow time on March 21, 2013. The deal was registered at offshore zones in the Caribbean Islands, Cyprus and Europe. NK Rosneft' OAO has finalized the deals to acquire BP's 50% share in TNK-BP Holding OAO in exchange for USD 16.65 billion in cash and 12.84% of NK Rosneft' OAO shares. Separately BP acquires 5.66% of NK Rosneft' OAO shares from Rosneftegaz OAO, NK Rosneft' OAO said in a press release.
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