Bloomberg News

Ex-BP Browne May Buy Into Fairfield, Sunday Times Says

February 26, 2012

(Corrects John Browne’s role at Riverstone in first paragraph.)

A private equity company that includes former BP Plc Chief Executive Officer John Browne among its partners is in advanced talks to buy as much as half of Fairfield Energy Ltd., a U.K.-based oil and gas business, the Sunday Times reported.

Browne heads the European unit of Riverstone Holdings LLC, which may acquire additional North-Sea oil and gas assets if it were to buy a stake in Fairfield Energy, the newspaper reported, without saying where it got its information. Riverstone and Fairfield together would have 30 billion pounds ($48 billion) under management, according to the report. Fairfield is controlled by Warburg Pincus LLC, a private equity fund based in New York.

To contact the reporter on this story: Catherine Airlie in London at cairlie@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


Coke's Big Fat Problem
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus