Bhd., an operator of the Kuantan purified terephthalic acid (PTA) plant in Malaysia, to Reliance Industries for $230 million.[109] In October 2012, BP sold its stake in TNK-BP to Rosneft for $12.3 billion in cash and 18.5% of Rosneft's stock.[110][111] The deal was completed on 21 March 2013.[112] In 2012, BP acquired an acreage in the Utica Shale but these developments plans were cancelled in 2014.[113]