Completion of TNK-BP Transaction PR Newswire MOSCOW, March 21, 2013 MOSCOW, March 21, 2013 /PRNewswire/ --The AAR Consortium confirms that its shareholders – Alfa Group, Access Industries and Renova Group – have successfully completed the sale of all of their interests in the TNK-BP Group to Rosneft. The transaction closed on the terms stipulated by the share purchase agreement signed by the parties on December 12, 2012. AAR CEO Stan Polovets said: "Completing this transaction brings to a close more than 15 years of exceptionally successful value creation by the shareholders of AAR, who have helped build TNK-BP into a world-class oil and gas company. This paves the way for Alfa, Access and Renova to capitalize on major new opportunities in Russia and around the world." SOURCE AAR Consortium Contact: London: John Eisenhammer, +44 (0)20 7233 9444; Andrew Hayes/Maria Ignatova, +44 (0)20 7796 4133; Hudson Sandler/Quiller; Moscow: Alexander Mikhailiants, +7 (495) 663-7143, +7 (985) 410-0263; Mikhail Loskutov, +7 (495) 663-7143, +7 (916) 641 9079; Washington, D.C.: Jeffrey Birnbaum, BGR Public Relations, +1(202)661-6367
Completion of TNK-BP Transaction
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