Rosneft Wins EU Approval to Take Sole Control of TNK-BP
Stock Chart for BP PLC (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 firstname.lastname@example.org
To contact the editor responsible for this story: Christopher Scinta at email@example.com