BP Shareholders Uneasy over YUKOS
A number of large shareholders have express concern over the company's role in the first auction of YUKOS assets, which took place last week, the British Sunday Telegraph reports. According to that newspaper, at least two of the 20 largest BP shareholders plan to bring the issue up in the immediate future. They fear that BP's reputation will be tarnished in the auction. The quick exit of TNK-BP's subsidiary Samotlorneftegaz from the auction gave rise to suspicions that the company took part in the auction only to lend legitimacy to the proceedings and do a favor for Russian authorities.
One shareholder expressed doubts about the morality of the company's involvement in the auction, while another was concerned that the company's activities in Russia would lead to another fall in the price of the company' stock, which has already fallen from 723 pence to 552.
All the Article in Russian as of Apr. 02, 2007
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