MARKET TALK: TNK-BP Unlikely To Buy BP Assets - VTB

1st Jul 2010 09:00

0800 GMT [Dow Jones] TNK-BP is unlikely to buy BP (BP)'s assets outside Russia, says VTB. "Considering the company's strong Russian focus, we view any such related party deal as unlikely," says analyst Lev Snykov. Notes that TNK-BP has a solid cash generation and consistent dividend policy, which could be undermined should the company decide to help BP by acquiring the latter's assets. Keeps TNK-BP at buy with $2.6 target price. Shares unchanged at $2.08. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 01, 2010 04:00 ET (08:00 GMT)

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