BP May Sell its Stake in Algerian Gas Plant, Sources Say --Reuters
February 06 2020 - 2:06PM
Dow Jones News
--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)
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