The control position of BP Canada (TSE) is being sold by oil and gas parent British Petroleum.
BP will sell its 56.9% interest in BP Canada for $374 million. Brokerage house RBC Dominion Securities is arranging the sale of the shares at $13 per share, to be paid in three instalments during the next 24 months. BP Canada has interests in both oil and gas and the mining industry. BP Canada has announced its mining assets are for sale.
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