A PYMNTS Company

In wake of BP-Rosneft failed venture, FAS investigating shareholder agreements

By  |  June 7, 2012

Prompted by Rosneft’s complaint after the failure of the BP-Rosneft 50-50 venture, Russia’s Federal Anti-Monopoly Service (FAS) is investigating shareholder agreements between BP and its Russian partners in TNK-BP. The deal’s collapse is partially attributed to the fact that confidentiality clauses blocked the disclosure of shareholder agreements that give TNK-BP the right of first refusal. Such agreements carry weighty consequences for future foreign investment in Russia.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: AFP

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Related content: Competition Policy in Russia: Historical Sources, the Current State, and Evolutionary Perspectives (Yuri Rubin, Moscow University of Industry and Finance, Sovremennaya Konkurentsia & Denis Matvienko, Moscow University of Industry and Finance)

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.