Friday, June 1, 2012

Reuters: Mergers News: AAR: no comment on BP plans to sell TNK-BP stake

Reuters: Mergers News
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AAR: no comment on BP plans to sell TNK-BP stake
Jun 1st 2012, 06:39

MOSCOW, June 1 | Fri Jun 1, 2012 2:39am EDT

MOSCOW, June 1 (Reuters) - The consortium representing four billionaire shareholders who own half of TNK-BP declined to comment on Friday on BP's announcement that it would seek to sell its 50 percent stake in the Anglo-Russian oil company.

"No comment for now," a representative of Alfa-Access-Renova (AAR) said in an emailed response to a Reuters inquiry.

A spokesman for state-controlled oil major Rosneft said it had no information on any bid approach for BP's stake in TNK-BP, after the British oil major said it had received unsolicited approaches and intended to pursue a potential sale.

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