Rosneft's offer to TNK-BP minorities may put an end to spat
The Russian oil major has made a decision to buy out minority stakeholders in TNK-BP
Rosneft's decision to buy out minority shareholders in the recently acquired TNK-BP may put an end to a spat that was proving to be yet another stain on Russia's investment reputation, though the terms of the deal will do little improve it among investors. On 30 September, Rosneft confirmed earlier comments by its chief executive Igor Sechin that the Russian oil major would, after all, buy up the remaining shares in the TNK-BP venture that it hadn't acquired from a group of a group of oligarchs in a $55-billion takeover. Rosneft completed its acquisition of 100% of TNK-BP earlier this year, which created the world's largest publicly traded oil company by output. But the deal left minority sh
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