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These are only speculations says Sonya VerheydenAlongside the RGPP other audits are ongoingSenior officials should to deal thus with the realThe call for applications should intervene in the coming monthsShe is a girl that looks quite hard so the objective6 per cent in 2005 its profits grew by 70 in a yearThe banks have not made their shit all aloneEmployed by the company Nissan Europe Stéphanie gDuring this time another adventure beganThe idea from is that that counts he saidLondon to Moscow, investors pushed yesterday a large egg of relief. Action BP well withstood the storm market in Britain, while the title of its important subsidiary TNK - BP climbed 8 in Russia. At the end of eight months of iron arm, the British tanker is indeed reached an agreement with the Russian oligarchs to which it is associated in this country. Given the renationalisation of the energy sector by Vlamidir Putin over the years, and the precedents of Yukos or Shell to Sakhalin, professionals were concerned that the case ends for BP by defeat in open country. The group could be forced to drop TNK - BP, an asset that represents a quarter of its production and reserves, and get in Exchange only a handful of rubles or pounds sterling. While the company is evaluated by some $ 45 billion...
But yesterday unveiled compromise is much more favourable than expected for the British champion energy. It is not required to assign TNK - BP. However, it will need to slightly ease its control over the subsidiary. And he had to accept a complete overhaul of management of the company.
First victim of the memorandum of agreement unveiled yesterday, Robert Dudley. Saying victim of harassment, the CEO of TNK - BP had already left the Russia end of July, continuing the paper to lead the case abroad. It will eventually cease its functions by the end of the year, as demanded for months the Russian shareholders. They accused him of bias. But BP control that 50 of TNK - BP Ltd. Mikhail Fridman and German Khan, Viktor Vekselberg, Len Blavatnik, 4 combined billionaires in the holding company Alfa Access Renova (AAR), hold as much. Robert Dudley should get another position in BP, Tony Hayward, the boss of the group said yesterday. Half a dozen candidates have been identified to replace the head of TNK - BP.
A message to investors
Sacrificing Robert Dudley, BP has also agreed to modify the governance of its subsidiary. The Council it will be now 11 members: 4 for BP, 4 for the oligarchs, more 3 independent directors. What should a little limited the weight of BP, which today means half of the directors. In addition, the project agreement provides BP and its Russian partners to cede part of their titles, of the order of 20 in total (10 for each), to strengthen the part of the actions of TKN - BP placed on the stock exchange.
"The agreements are the result of very difficult negotiations," commented yesterday Viktor Vekselberg, one of Russia's oligarchs in question. But the issue was beyond BP and its partners. It was also for the new Russian President Dimitri Medvedev, who monitored the case closely, to send a message to investors. These past months, the war on TNK - BP had accentuated their distrust, and helped bring down the Moscow stock exchange. "We hope that the agreement will serve as a positive signal for foreign companies that invest in the Russian economy," said Arkadi Dvorkovitch, one of the advisers of the President yesterday.
