BP Stock on the Rise Since Sale of bp Pipelines TAP Stake

BP plc (BP) stock has experienced a gain of almost 2%, since the announcement of an accord with Apollo Global Management, Inc. (APO) on Sept.16. Strategic Importance of BP's Trans Adriatic Pipeline AG Recently, Apollo and BP entered into a deal valued at $1 billion, where Apollo Funds will be granted a noncontrolling shareholding in bp Pipelines TAP Limited, which has about 20% shareholding in Trans Adriatic Pipeline AG (TAP). TAP, the owner and operator of a natural gas transportation infrastructure, repre ...