MARKET TALK: BP Split Into US, Rest-Of-World Weighed

28th Jun 2010 16:31

1531 GMT [Dow Jones] The creation of separate US and Rest-of-the- World entities at BP (BP.LN) would increase transparency, UniCredit says. "BP US would define the worst-case scenario of asset seizure, ring fence liabilities and vulnerable assets, offer upside potential from leverage to the rump value. BP 'ROW' would be able to operate, invest and pay dividends, without the uncertainties surrounding the consequences of Macondo." UniCredit sees a demerger as a viable option to set a ceiling on potential losses and release the value of the non-US activities. Hold rating, 420p target. Shares +1.5% at 306p.([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 28, 2010 11:31 ET (15:31 GMT)