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165

TNK-BP Swap Its Subs Stocks

British-Russian oil and gas merger TNK-BP announced swap ratio for stocks

TNK-BP Swap Its Subs Stocks

British-Russian oil and gas merger TNK-BP announced swap ratio for stocks of TNK-BP Holding within the corporate restructuring, the company?s president said at the press conference in Moscow.

This program is aimed to swap the stocks of all TNK-BP subs for TNK-BP Holding.

1 Mar., 2005, the decision to restructure these companies in the form of the takeover by the Holding is assumed to be approved at the pecial meetings.

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