$3m paper loss on Svanberg's BP shares
Sylvia Pfeifer in London and Andrew Ward in Stockholm, Financial Times , 27 Aug 2010BP’s chairman is nursing a paper loss of almost £2m ($3.1m) after the spill in the Gulf of Mexico in April.
Carl-Henric Svanberg, who joined the UK oil group in January, owns 925,000 shares which he bought in two separate lots.
He bought 750,000 shares on February 3 at £5.75 a share.
BP’s share price had risen to £6. ... Read full article