Russia's anti-trust body said yesterday it had approved to state oil firm Rosneft's purchase of the obscure buyer of the key production unit of beleaguered Yukos oil company
Published:
26 December 2004 y., Sunday
Russia's anti-trust body said yesterday it had approved to state oil firm Rosneft's purchase of the obscure buyer of the key production unit of beleaguered Yukos oil company.
"The Federal Anti-Monopoly Service approved the purchase by state oil company Rosneft of Baikal Finance Group," the service's spokeswoman Irina Kashunina said.
"This happened quickly because we have used the data on Baikal Finance Group which was submitted before the auction and data on Rosneft submitted for the Gazprom-Rosneft merger."
Baikal Finance Group bought Yuganskneftegaz, Yukos' prize asset, at last Sunday's auction for $9.4 billion.
Few people had heard of Baikal Finance Group, which was created days before the auction. Gazprom was widely expected to win the auction for Yugansk but pulled out at the last moment to avoid defying a US court order barring it from taking part.
The temporary restraining order was handed down by a Houston bankruptcy court after Yukos last week sought Chapter 11 protection as it labours under $27.5bn in back-tax bills.
Gazprom is to be merged with Rosneft by January. The Yugansk sale was the culmination of a Kremlin campaign to crush Yukos' politically ambitious principal owner, Mikhail Khodorkovsky, and seize control of sectors sold off during controversial privatisation of 1990s.
Šaltinis:
gulf-daily-news.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances.
more »
The EBRD-EIB Multilateral Carbon Credit Fund (MCCF) and Azerenerji Joint Stock Company are collaborating in order to promote energy-efficient power generation in Azerbaijan.
more »
U.S. President Barack Obama, meeting with the leaders of Mexico and Canada, called on all three nations hit by the global recession to avoid resorting to protectionism.
more »
A 10-year $75 million EBRD loan will finance the construction of a combined heat and power plant in the east Siberian city of Krasnoyarsk which is expected to improve energy efficiency and cut pollution by 14 percent thanks to the use of more environmentally-friendly technologies.
more »
The Directorate-General for Competition has issued a review of the aid schemes introduced by Member States and approved by the Commission during the financial crisis.
more »
Rescue planes from New Zealand have been taking part in a massive search for passengers after a ferry sank off the coast of Tonga. At least 27 people are missing.
more »
Courtney Adams has always loved cooking. As a kid she baked brownies for her friends and in college her apartment was the place to go to for a home-cooked meal. But she never thought she'd cook for a living.
more »
The European Commission has authorised, under EC Treaty state aid rules, a scheme offering reduced-interest loans to businesses investing in the production of environmentally friendly products, as part of the German package to tackle the current economic crisis.
more »
Ramūnas Bičiulaitis, former board member and financial director of AB LEO LT, starts working as head of the Finance Department of Danske Bankas.
more »
The EBRD has kept up a rapid pace in the syndicated loans market, defying difficult market conditions and pulling together nine deals so far this year, worth a total €1.2 billion.
more »