AAR refusal

By Vladimir Afanasiev

 02 August 2012 22:59 GMT

THE Russian shareholders in TNK-BP have rejected a proposal from UK supermajor BP to pay an interim dividend for this year amounting to $1 billion.

Alfa Group and Access/Renova Industries said in a statement that instability in international markets in addition to unresolved problems in TNK-BP’s corporate management structure are obstacles to the fast dividend payout.

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