BP is heading towards a fresh start in Russia after the announcement it has sold out its stake in the TNK-BP joint venture to state-owned oil giant Rosneft.
It is a cash-and-share two-part deal worth in total some 42 billion euros, as in return BP also gets 19% of Rosneft, making it the second-largest shareholder after the Kremlin, and giving it a seat on the board.
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http://www.euronews.net/
