Rosneft Offers $1.5B To Minority TNK-BP Shareholders

Law360, New York (September 30, 2013, 6:57 PM EDT) -- Russian state-owned energy giant Rosneft OAO put up $1.5 billion to buy outstanding shares of TNK-BP on Monday, after months of wrangling with disappointed minority investors, Rosneft announced Monday.

Rosneft bought the vertically integrated Russian oil company for $55 billion in a multistage process over the past year, acquiring half from BP PLC and most of the rest from AAR Consortium, a group of three companies run by four Russian billionaires.

The total deal finalized in March, forming the world's biggest publicly traded oil company. Rosneft...
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