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BP to Acquire 9.5% Stake in Rosneft: Strategic Move by the Companies to Further Explore the Arctic Region - Deal Analysis From GlobalData
GlobalData, Jan 2011, Pages: 7
BP to Acquire 9.5% Stake in Rosneft: Strategic Move by the Companies to Further Explore the Arctic Region - Deal Analysis From GlobalData
Summary
BP p.l.c. (BP) and OJSC Rosneft Oil Company (Rosneft) entered into a share swap agreement, according to which, BP will acquire 9.5% stake in Rosneft and in return, Rosneft will acquire 5% of voting interest in BP. The total 988,694,683 issued shares of BP and 1,010,158,003 issued shares of Rosneft were valued at approximately $7.8 billion at closing price on January 14, 2011. The transaction is subject to certain listing approvals and the completion of certain administrative requirements.
Scope
- Rationale behind BP and Rosneft entering into a swap agreement,
- Strategic Benefits for the companies involved,
- Geography covered -Russian Federation
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, And Joint Ventures taking place in European Oil & Gas industry
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Russia's oil & gas market
- Get a detailed analysis of a deal to enable you to take better decisions
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