AAR consortium taking control

According to a report in Kommersant on 13 February 2012 entitled Mikhail Fridman given two years, the Russian shareholders in TNK-BP, represented by the AAR Consortium, are consolidating their control of the joint venture, with Fridman assuming the reins for another two years.

Meanwhile the litigation between the two companies rumbles on. Another warning to foreign companies to secure at least 51 per cent of any joint venture in order retain some semblance of influence.

 

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