Rosneft Wins EU Approval to Take Sole Control of TNK-BP

OAO Rosneft won European Union approval to take sole control of TNK-BP, a 50-50 joint venture between BP Plc (BP/) and a group of billionaires.

The European Commission said it saw no competition concerns with the deal. It also examined whether state-owned Rosneft acted independently of the Russian government without drawing any conclusions, it said in an e-mailed statement.

To contact the reporter on this story: Aoife White in Brussels at

To contact the editor responsible for this story: Christopher Scinta at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.