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TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands.
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