BP has agreed to sell to global asset manager Apollo a non-controlling stake in its subsidiary BP Pipelines TAP, which holds a 20% stake in the key TAP pipeline that brings gas from Azerbaijan to Europe. In a statement, BP said the agreement for the Apollo-managed funds — Apollo Funds — to purchase the stake was valued at some $1… BP has agreed to sell to global asset manager Apollo a non-controlling stake in its subsidiary BP Pipelines TAP, which holds a 20% stake in the key TAP pipeline that brings gas from Azerbaijan to Europe. In a statement, BP said the agreement for the Apollo-managed funds — Apollo Funds — to purchase the stake was valued at some $1… Read More
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