Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

BP May Return Half of TNK-BP Sale Proceeds, Telegraph Reports

June 3 (Bloomberg) -- BP Plc plans to give back half the proceeds of a sale of its Russian joint venture TNK-BP to shareholders and keep the rest for new assets, the Sunday Telegraph said, citing one of its top 10 holders it didn’t name.

BP told leading shareholders that they may receive the payout after its June 1 announcement of its intention to sell its stake in TNK-BP, the newspaper said. Analysts have valued BP’s stake in the venture at $25 billion to $35 billion, according to the newspaper.

To contact the reporter on this story: Michelle Wiese Bockmann in London at

To contact the editor responsible for this story: Alaric Nightingale at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.