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TNK-BP dispute settled, for now, as CEO will exit (from Corporate Dealmaker)

There's a truce in the battle for control of TNK-BP, the 50-50 Russian joint venture from which European oil giant BP plc gets 20% of its output. Both sides agreed to replace Robert Dudley with a Russian-speaking CEO. The main complaint from Russian billionaires Len Blavatnik, Mikhail Fridman, German Khan...

Posted on September 4, 2008 1:31 PM

Battle for TNK-BP continues as CFO resigns (from Corporate Dealmaker)

BP plc's troubled Russian joint venture, TNK-BP, just lost its CFO. James Owen tendered his resignation to CEO Robert Dudley on August 4, citing an inability to continue working independently as shareholder issues remain unresolved. In mid-July, BP's Russian counterparts made public their intention to buy out the 50% of...

Posted on August 4, 2008 3:47 PM

BP to Russian JV partners: No sale (from Corporate Dealmaker)

The battle for Russia's third largest oil producer, TNK-BP, continues. Russian partners Len Blavatnik, Mikhail Fridman, German Khan and Victor Vekselberg said Tuesday they want to buy out BP plc's 50% stake. Why? "The fundamental issue is...

Posted on July 15, 2008 12:01 PM