BP sells out of PetroChina

BP yesterday sold its 3.516 billion shares in PetroChina at a price of HK$3.70 raising some HK$13 billion ($1.7 billion). The stake - 2% of PetroChina's outstanding share capital and 20% of its free float - was acquired for HK$1.28 in the Chinese company's April 2000 IPO.