BP Stock on the Rise Since Sale of bp Pipelines TAP Stake
BPBP(BP) ZACKS·2024-09-24 23:01

BP plc (BP) stock has experienced a gain of almost 2%, since the announcement of an accord with Apollo Global Management, Inc. (APO) on Sept.16.Strategic Importance of BP’s Trans Adriatic Pipeline AGRecently, Apollo and BP entered into a deal valued at $1 billion, where Apollo Funds will be granted a non-controlling shareholding in bp Pipelines TAP Limited, which has about 20% shareholding in Trans Adriatic Pipeline AG (TAP).TAP, the owner and operator of a natural gas transportation infrastructure, represe ...