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I’m curious to know how this will effect BP’s announced divestment of its stake in Rosneft this morning.
by andylynch 5y ago
I’m curious to know how this will effect BP’s announced divestment of its stake in Rosneft this morning.
- misja111 5y agoMe too. Does this make it impossible for BP to step out of the shareholding with Rosneft?
- miohtama 5y agoFor BP, their Rosneft stake goes to zero in one way or another. The local oligarchs will take over the operation, like factories and employees, and kick out any foreigners that still have boots on the ground. They are not going to ask or call BP. It does not matter what paper agreements say, as most of legal frameworks will throw out from the window during the time of a war.
- gnfargbl 5y agoBP are going to resign from the board of Rosneft and stop taking dividends. As far as I can tell they aren't planning to try and sell their equity at this time, instead they will be "treating it now as a financial asset". [1] https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-to-exit-rosneft-shareholding.html https://www.bp.com/en/global/corporate/news-and-insights/pre...
- ur-whale 5y agoIndependent of what it is worth, I don't think it will remain their share for very long.