BP (BP) continues to sell assets in order to cover costs related to the Deepwater Horizon disaster. It is now selling its 60% stake in Pan American Energy in South America. This gives its joint venture partner Bridas Group control of the company.
BP will collect $7.06 billion for the transaction. The payments for the deal will be spread over three periods, and the transaction will close next…
Continue reading BP Continues Restructuring With $7 billion Sale of Pan American Stake
BP Continues Restructuring With $7 billion Sale of Pan American Stake originally appeared on DailyFinance on Sun, 28 Nov 2010 06:45:00.