Rosneft to Buy TNK-BP for $55 Billion in Third-Biggest Oil Deal

Rosneft to Buy TNK-BP for $55 Billion in Third-Biggest Oil Deal

Andrey Rudakov/Bloomberg

OAO Rosneft, led by Chief Executive Officer Igor Sechin, will buy BP’s 50 percent stake in TNK-BP for $26.8 billion in cash and shares and has an initial agreement to acquire the billionaires’ half of the company for $28 billion in cash, according to a statement today.