Rosneft Executive Chairman Igor Sechin and BP Chief Executive Robert Dudley have informed Russian President Vladimir Putin about conclusion of purchase of all shares of THK-BP by Rosneft. The deals were registered at off-shore zones of the Caribbean Islands, Cyprus and Europe, Interfax reports.
Sechin had said earlier that the deal would improve the financial position of Rosneft by restructuring the deal, RIA Novosti reports.
BP got 18.5% of Rosneft shares, becoming its second largest shareholder after the government. It also got $12.5 billion for the purchase. AAR got no shares but earned $27.7 billion. Rosneft plans to form new assets by the end of the year.
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