This excerpt taken from the BP 6-K filed Aug 9, 2007.
Note 3 Sale of Olefins and Derivatives business
The sale of Innovene, BP’s olefins, derivatives and refining group, to INEOS, was completed on 16 December 2005. The second quarter and first half of 2006 include a loss on remeasurement to fair value of $88 million and $184 million respectively.
BP p.l.c. AND SUBSIDIARIES