Finance

Selling high: BP and Aker aim to sell stake in joint venture as its share price soars

BP expects the divestment proceeds to further strengthen its balance sheet and support its share buy-back commitment

Realising value: BP chief executive Bernard Looney says the planned sale of a stake in Aker BP will help BP realise some of the value generated since the joint venture's creation in 2015.
Realising value: BP chief executive Bernard Looney says the planned sale of a stake in Aker BP will help BP realise some of the value generated since the joint venture's creation in 2015.Photo: AFP/SCANPIX
London
BPAkerAker BPBernard LooneyOyvind Eriksen
Published 10 November 2021, 20:02Updated 15 November 2021, 12:26