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Rosneft CFO: TNK-BP Synergies Worth $2.4B in Next 3 Years

Rosneft CFO: TNK-BP Synergies Worth $2.4B in Next 3 Years
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Τρι, 23 Απριλίου 2013 - 18:37
OAO Rosneft (ROSN.RS) sees $2.4 billion of synergies over the next three years from its integration with oil company TNK-BP, which it acquired last month, Chief Financial Officer Svyatoslav Slavinsky said Tuesday.
OAO Rosneft (ROSN.RS) sees $2.4 billion of synergies over the next three years from its integration with oil company TNK-BP, which it acquired last month, Chief Financial Officer Svyatoslav Slavinsky said Tuesday.

Total synergies from the merger are expected to reach $10 billion, he told a meeting of investors in London. Capex savings from the merger will be worth $3.4 billion, he said.

Rosneft last month acquired TNK-BP from BP PLC (BP) and a group of Soviet-born billionaires in deals worth $60 billion.
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