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BP and Rosneft 2015. BP (UK) and Rosnott (Russia) had severed a long-term joint venture in 2013, with Rosneft buying BP out with $54 bilion
BP and Rosneft 2015. BP (UK) and Rosnott (Russia) had severed a long-term joint venture in 2013, with Rosneft buying BP out with $54 bilion in cash and a 20s interest (egulty inthrost) in Rosnet itself. Rosneft financed a large part of the buyout by borrowing heswly. The following year, in July 2014 , OP recoived a dividend on its ownerahip interest in Rosnef of RUB25 billon. had the price of natural gas. Rosnefts total sales were down, and the ruble had clearly fallen dramaticaly And to add debt to injury, Rosheft was due to make a payment of USO19.6 Bition in 2015 on its debt from the BP buyout: a. Assuming a spot rate of RUB34.77 = USD 100 in July 2014 , how much was the dividend poid to BP in US. dollars? b. If Rosneft were to pay the same dividend to BP in July 2015 , and the spot rate at that time was RUB75.04 = USD 00 , what would aP recoive in US dolars? might BP's dividend be in July 2015? a. Assuming a spot rate of RUB34, 77 * USO1 00 in July 2014 , how much was the dividend paid 10 BP in U.S. dolars? The dividend paid so BP is 5 (Round io the nearest cont)
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