BP Hires Advisers For GBP6.5 Bln Asset Sale - Report

18th Jun 2010 16:30

LONDON (Dow Jones)--BP PLC (BP) has hired advisers to assemble a portfolio of assets that will be sold in the next year to raise more than GBP6.5 billion, Sky News reports on its website Friday. BP has enlisted Martin Lovegrove, an oil and gas banker from Standard Chartered PLC (STAN.LN), to draw up a list of possible disposals, Sky's Mark Kleinman writes on his blog. The extent of the planned sales could go beyond the $10 billion announced this week, Sky reports, citing people close to the company. BP declined to comment on the hiring of Standard Chartered. Full story: http://blogs.news.sky.com/kleinman/Post:6426f0f5-6267-4031-bbe1-edf6b5d8373c -London bureau, Dow Jones Newswires; +44 (0)20 78 42 9330; [email protected] (END) Dow Jones Newswires June 18, 2010 11:30 ET (15:30 GMT)