Russian Oil Consortium Follows BP In Selling TNK-BP Stakes

Law360, New York (October 9, 2012, 5:58 PM EDT) -- The Russian billionaires behind oil investment consortium Alfa Access Renova have announced their intention to sell or list AAR's 50 percent stake in oil giant TNK-BP about five months after BP PLC said it would sell its half of the company, a BP spokesman confirmed Tuesday.

AAR is putting its share of Russia's third-largest oil producer on the block while BP waits for bids for its own stake, calling the future of the company into question as heavyweight OAO Rosneft remains in the picture as one...
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