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To: tejek who wrote (78197)6/14/2010 8:52:18 PM
From: stockman_scott  Respond to of 149317
 
Blackstone Group and Goldman Sachs Among Advisors Hired by BP
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June 14th, 2010 - (Reuters) - BP Plc (BP.L) has hired investment banks Blackstone Group LP (BX.N), Goldman Sachs Group LP (GS.N) and Credit Suisse Group AG (CSGN.VX) as advisers in the wake of its massive oil spill in the Gulf of Mexico, according to a source familiar with the matter.

BP has lost more than 40 percent of its market value since the explosion of the Deepwater Horizon rig that led to the oil spill. It has eclipsed the Exxon Valdez disaster as the worst U.S. oil spill.

Credit Suisse and Blackstone declined to comment. Goldman and BP were not immediately available to comment.

The source spoke on the condition of anonymity. (Reporting by Michael Erman; Editing by Steve Orlofsky)