FT: Rosneft Seeks Financing of $15B for Potential TNK-BP Stake

Rosneft has approached London lenders for $15 billion in loans to back a potential purchase of 50% of BP PLC's Russian oil venture TNK-BP, the Financial Times reported Wednesday, citing people familiar with the matter.

Rosneft might make a bid after conducting due diligence on the joint venture, and could pay more than $20 billion for it, a person familiar with the matter told the newspaper.

Another person said BP requires that any deal be backed by the Russian government before it will enter serious talks with Rosneft, according to the newspaper.

Copyright (c) 2012 Dow Jones & Company, Inc.


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