TNK-BP Billionaires Bidding to Buy Half of BP's stake – ValueWalk Premium

TNK-BP Billionaires Bidding to Buy Half of BP's stake

The latest developing story on the oil and gas front is that the billionaire partners holding a 50 percent share in TNK-BP  (MICEX-RTS: TNBP) are going to bid for BP plc (NYSE:BP)'s half  of the share. The entire stake amounts to a total of $32 billion, by last year's estimates, and the strategy would be to bid rather than just simple buying.

TNK-BP . . .

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