Today news
About the same in other media
BP faces up to $25bn write-down as Rosneft value ‘probably close to zero’
Reading now: 826
fnlondon.comIn the wake of Russia's invasion of Ukraine, BP said it would offload its almost 20% stake in Russian oil firm Rosneft. The problem, say market analysts, is whether anyone will take it off their hands.
“The big unanswered question now is how the market will value this stake, and who will actually buy it," said Jamie Maddock, equity analyst at Quilter Cheviot. "It seems likely that BP might not actually receive any proceeds at all for the Rosneft sale. Given the level of uncertainty, the market will likely ascribe zero value...
Read more on fnlondon.comAbout this in other media
U.S.- listed China shares are tumbling again with Alibaba down 5% cnbc.com /2 years ago
Deutsche Bank shares up 8% after U-turn to wind down Russia operations cnbc.com /2 years ago
Crypto vs. physical: Musk-Saylor inflation debate boils down to scarcity cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
