Oil giant BP has said it will buy back $8bn (£5.2bn) of shares, returning to shareholders the money they had put into a complicated Russian venture.
It said it "expected to return to BP shareholders an amount equivalent to the value of the company's original investment in TNK-BP".
BP agreed to sell back its 50% stake in TNK-BP to Russia's Rosneft in October in return for $17.1bn in cash and shares.
Source: BBC. Read full article. (link)