BP plc (NYSE: BP) took a notice on Citigroup Inc. (NYSE: C)

BP plc begins to work with Citigroup Inc

In brief: BP plc (NYSE: BP) can choose Citigroup Inc. (NYSE: C) the manager of the fund assistance to victims of oil spills.

Citigroup Inc. (NYSE: C) is 4.06 points, losing almost 1% (-0.98%). At the same time, analysts believe that Citigroup Inc. shares may gain thanks to the new BP plc (NYSE: BP) large orders.

BP can choose the head of Citigroup stock to $ 20 billion, created to help victims of oil spills in the Gulf of Mexico. It was reported four sources familiar with the plans of BP. Citigroup, the third-largest U.S. assets, a creditor may share some responsibilities with the other bank of the Arabian region. Chairman of the Board of Directors of BP Carl-Henric Svanberg has agreed in June to establish a fund after meeting with U.S. President Barack Obama.

Anrey Torbinski
2010-08-08 14:20, Economics.

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