TNK-BP capitalization to be increased after merger

The expected increase in the cost of TNK-BP (against the total cost of TNK and BP before the merger) will be $7.5bn, Irina Ganayeva, the deputy director of the financial consulting department of KPMG Russia, declared at an international forum devoted to mergers and acquisitions in the Russian oil and gas sector in Moscow today.

She admitted that TNK-BP was one of the few companies that had voiced the expected advance in capitalization before the merger was completed.

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