Russian billionaire Mikhail Fridman suffered a second setback this year for an effort to expand his telecommunications empire as his bid for Orascom Telecom Holding SAE failed to win support.
TNK-BP billionaire Mikhail Fridman said he and his partners want to swap their stake in the Russian oil venture for BP Plc shares, Kommersant reported today.
Mikhail Fridman , executive chairman of Russian oil producer TNK-BP , said the company is ready to buy fields in Venezuela, Vietnam and other countries BP Plc is selling to cover costs for the Gulf of Mexico spill.
"Utemuratov understands that we live in a transparent world."
- Mikhail Fridman on Nov 13, 2013