Yukosâ Main Subsidiary to Be Sold on December 19
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The Russian Federal Property Fund announced on Friday, November 19, that the auction to sell the shares of Yuganskneftegaz, the main production subsidiary of embattled Yukos Oil Company will take place on December 19.
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YUKOSâ major asset, Yuganskneftegaz, the sale of which was long disputed, is no more YUKOSâ subsidiary as yesterday it was sold by bailiffs to secure the recovery of overdue taxes.
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The main shareholder of Russia&#39;s giant oil firm Yukos is reported to have filed suit for compensation from the upcoming forced sale of the company&#39;s top production unit.
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Russia has sold the heart of the Yukos empire in an auction reminiscent of the country&#39;s notorious privatizations of the 1990s, analysts said Monday, as the former CEO of the oil company offered bitter season&#39;s greetings to the Kremlin from
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes.
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The Russian Justice Ministry will sell part of the Yukos oil company&#39;s assets to cover its back taxes,the Interfax news agency reported Tuesday.
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Dresdner Kleinwort Wasserstein (DrKW) said it had recommended that a core asset of the oil giant Yukos be sold at between 14.7 and 17.3 billion dollars, higher than a state valuation released this week.
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Russia has pressed ahead with the last step in the break-up of oil major YUKOS, saying it will auction its main unit for $8.65 billion.
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MOSCOW - Moscow markets opened lower Monday after the opaque sale of Yukosâ main production unit to a dark horse bidder. While analysts have little doubt that the state will ultimately take control of
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Description: The Russian government announces the sale of many of the most valuable portions of the oil company Yukos, the firm built by embattled tycoon Mikhail Khodorkovsky.
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The Russian Government is going ahead with the sale of a large part of oil giant Yukos in order to recover an $18 billion tax debt.
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Russian natural gas monopoly Gazprom ended weeks of speculation by announcing it will bid for struggling oil company Yukos&#39;s main production unit when it goes on the auction block this month.
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MOSCOW  - Assets of Russia's beleaguered Yukos oil company should be sold for at least &#36;15 billion US, a senior official said Monday, as the company's main production unit is evaluated for sale against a crushing back-tax bill.
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The Russian government said it will auction off Yukos's largest oil subsidiary at a price the company's chief executive called "state-organized theft."
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Russian tax authorities yesterday scheduled the equivalent of a fire sale at what was once the nation&#39;s largest oil company, offering the main production facility at Yukos Oil
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Russia is pressing ahead with the last step in the destruction of YUKOS, saying it will auction the oil major&#39;s main Siberian unit on December 19 for $8.65 billion (4.66
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Russia is set to go ahead with a sale of the main production asset of Yukos, the countryâs embattled oil company, despite an injunction issued late yesterday by a US court.