October 23, 2012 / 9:20 AM / 7 years ago

Rosneft to sustain dividends at 25 percent of net after TNK-BP deal

MOSCOW (Reuters) - Russia’s Rosneft (ROSN.MM), which has announced a $55 billion deal to buy BP (BP.L) and its partners out of rival producer TNK-BP TNBP.MM, said Rosneft would sustain dividend payouts at 25 percent of net profits after consolidation.

“The increase in debt levels is in no way connected to dividend payments,” chief executive Igor Sechin told a conference call on Tuesday.

Reporting by Melissa Akin; Editing by Douglas Busvine

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