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Russian state-owned oil firm takes stake in BP
British oil company BP announced Friday night that Russia's state-owned oil firm Rosneft will take 5 percent of BP's ordinary voting shares in a major stock swap. In exchange, Rosneft will give BP about 9.5 percent of its shares, BP said. The deal was...Tags: Elections, Tony Hayward, Economy, Business and Finance, BP Plc, Russia
Jan 14, 2011
|Story| Herald Mail
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