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BP BP Plc

38.26
-0.51 (-1.32%)
02 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
BP Plc NYSE:BP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.51 -1.32% 38.26 38.525 37.99 38.45 11,142,323 01:00:00

BP May Sell its Stake in Algerian Gas Plant, Sources Say --Reuters

06/02/2020 7:06pm

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--BP is considering a sale of its stake in an Algerian gas plant, on the tail of failed talks with Russia's Rosneft about a sale, Reuters reported Thursday, citing "three industry sources."

--BP holds a 45.89% stake in the plant, and is hoping to raise about $2 billion from a sale, the report said.

--A spokesperson for BP declined to comment, and Rosneft didn't immediately respond to a request for comment, the report said.

 

Full story: https://www.reuters.com/article/us-bp-divestiture-algeria-exclusive/exclusive-bp-eyes-sale-of-algerian-gas-plant-after-rosneft-talks-fail-sources-idUSKBN2000NL

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 06, 2020 13:51 ET (18:51 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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