March 21 (Reuters) - BP PLC BP.L:
APOLLO TO PARTNER WITH BP ON TANAP GAS PIPELINE
BP: APOLLO FUNDS INVEST ABOUT $1 BILLION FOR NON-CONTROLLING SHAREHOLDING IN BP PIPELINES (TANAP)
BP: REACHED AGREEMENTS FOR APOLLO-MANAGED FUNDS TO PURCHASE 25% NON-CONTROLLING STAKE IN BP PIPELINES (TANAP) LTD
BP: PROCEEDS ARISING FROM TRANSACTION WILL CONTRIBUTE TOWARDS BP’S PROGRAMME FOR $20 BILLION IN DIVESTMENT AND OTHER PROCEEDS
BP: TO REMAIN CONTROLLING SHAREHOLDER OF BP TANAP, RETAIN LONG-TERM COMMERCIAL & STRATEGIC INTEREST
BP: BP AND APOLLO CONTINUE TO EXPLORE OPPORTUNITIES FOR FURTHER COOPERATION
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Further company coverage: BP.L
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