This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at BP anuncia su intención de desprenderse de sus actividades de petroquímica
BP announces his intention to detach from its petrochemical activities
29/04/2004
on April 29, 2004
British oil group BP has announced its intention to divest its petrochemical activities, most likely through a placement in bag of 50 per cent of the capital of this Division, valued at 13 billion dollars (10.948 million euros). This operation could be carried out in the second half of 2005.
The announcement gave it to know the oil when presenting his results of the first quarter of the year, in which it registered a net profit excluding the effects of the reservations in the first quarter of 2004 of 4.717 million dollars (3.970 million euros), what supposes an increase of the 17 percent with regard to the same period of the previous year.
The result improved thanks to some extraordinary 1.177 million (EUR 991 million) income from the sale of its stake in the Chinese groups PetroChina and Sinopec. During the period January-March 2003, the extraordinary reached the 285 million dollars (240 million euros). The turnover of BP reached in the first three months of the year 69.480 million dollars (58.509 million euros), representing a rise of 17 per cent compared to the first quarter of 2003.
More information: www.bp.com
