BP plans to sell £6billion in shares to raise capital following the Gulf of Mexico oil spill.The move comes as it prepares for a boardroom shake-up that is expected to see its scandal-hit chairman forced out of a job.
Swedish-born Carl-Henric Svanberg is likely to leave the oil giant along with beleaguered British chief executive Tony Hayward after the disastrous spill is capped.
Bob Dudley, BP's managing director for the Americas and Asia, is tipped as a likely successor to Mr Hayward.
Another American, Chip Goodyear, former chief executive of BHP Billiton, is thought to be favoured to replace Mr Svanberg. Full Story
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BP plans £6bn share sale to fight takeover - thisismoney.co.uk
BP's £6bn sale to fight takeover amid boardroom cull that could see chairman axed - news2.onlinenigeria.com
