If a sale is taking place, the question is: to whom and for how much (Rosneft shares have been under fire on Thursday and Friday, along with all the other Russian stocks)
It’s really odd this threads insistence that shares are going to be “given” back to the company as the story doesn’t say that and it’s not what it typically means to exit a position.
If BP is "abandoning their shares", what do you thing that they mean by "the fair value of bp’s Rosneft shareholding at 31 March 2022"?
"First, it is expected to give rise to a non-cash adjusting item charge at the time of the first quarter 2022 results, representing the difference between the fair value of bp’s Rosneft shareholding at 31 March 2022 and the carrying value of the asset. At the end of 2021 this carrying value stood at around $14 billion."