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BP May Acquire 12.5% of Rosneft in TNK-BP Deal, Kommersant Says

BP Plc (BP/) is discussing swapping its 50 percent stake in TNK-BP for $10 billion to $15 billion in cash plus 12.5 percent of OAO Rosneft (ROSN), Russia’s largest state- controlled oil company, Kommersant reported, citing unidentified persons with knowledge of the talks.

Neither side has yet approved the plan, the newspaper said.

To contact the reporter on this story: Anatoly Temkin in St. Petersburg at atemkin@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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