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
The European Commission has approved under EC Treaty state aid rules a Latvian support scheme to stabilise financial markets by providing guarantees to eligible banks to ensure their access to financing.
more »
Gathering in Beijing, China's political elite gather to celebrate three decades of China's economic reform and market liberalisation.
more »
After two days of intense negotiations, European leaders reached agreement on how to achieve the EU’s ambitious climate change goals and endorsed a €200bn plan to revive the flagging EU economy.
more »
Detroit won't get its bailout, as the U.S. Senate blocked the measure to rescue America's big three car makers.
more »
The world is facing “an acute food crisis”. That was the verdict of a report adopted by MEPs in the Agriculture Committee on 8 December.
more »
The European Commission has agreed a Communication that aims to improve the functioning of the food supply chain in order to lower prices for consumers.
more »
The World Bank's 2009 Global Economic Prospects report is projecting world growth will shrink to 0.9 percent next year.
more »
Prospects for a federal aid package to help the US auto industry advanced on Monday.
more »
A new report from Aite Group LLC explores possible regulatory and legislative responses to the current financial crisis, with particular attention paid to three key topics: consumer lending, risk management and deposit relationships.
more »
A new report from Mercator Advisory Group's Retail Banking Practice focuses on the ATM and the multifaceted role it plays in the retail banking market.
more »