Russian agency okays state&#39;s purchase of Yukos
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the oil giant&#39;s most important production unit - was sold at an auction last Sunday to an obscure company called BaikalFinansGroup for $9.3 billion
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A little-known group bought the main production unit of Russia's largest oil producer for $9.3 billion on Sunday, gaining control of one of Russia's most prized assets for half of what foreign auditors say it is worth.
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Russia&#39;s state-controlled gas giant Gazprom approved a plan to bid for Yukos&#39; core production unit Wednesday amid reports that the company was negotiating to secure a euro10 billion (US$13 billion) loan from a group of Western banks to support its offer.
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A little known company has bought the main production unit of embattled Russian oil company Yukos, for around USD9.35bn. Little is known about the auction winner Baikalfinansgroup - named after a Siberian
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The state-owned oil company Rosneft has acquired the unknown front company that won a controversial auction Sunday for a major production unit of the besieged oil giant Yukos, Russian news agencies reported late Wednesday.
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A little known company has bought the main production asset of embattled Russian oil company Yukos, paying 260.75 billion rubles, or $9.35 billion, at auction.
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NEW YORK, December 17  - A US bankruptcy court yesterday granted the beleaguered Russian oil giant, OAO Yukos Oil Co (YUSA.
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Russian state-owned oil company Rosneft has acquired the mysterious buyer of Yukos' most important production unit, Russian news agencies reported.
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BaikalFinansGroup won the auction for Yuganskneftegaz on Sunday, agreeing to pay $9.3 billion for the main production unit of Yukos, Russia&#39;s largest oil producer, according to published reports.
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Russia's President Putin says the purchase of Yukos' main asset by state-owned oil firm Rosneft was in line with free market principles.
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On Tuesday, November 30, the Board of Directors of Russiaâs natural gas monopoly Gazprom has approved the decision to take part in the auction for the sale of 76.8 percent of shares of Yuganskneftegaz, the main production asset of embattled Yukos Oil
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19 December 2004 -- The Russian firm Baikalfinansgroup has won the bidding to buy a core asset of the Yukos oil company -- Yuganskneftegaz -- as the Russian government today carried out its threat to dismember Yukos.
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The Russian Competition Institution has approved the sale of Baykal Finans Group, which had purchased Yuganskneftgaz, the main oil production of Yukos, to state company Rosneft.
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Russia's president Vladimir Putin says the purchase of Yukos' main asset by state-owned oil group Rosneft was done in accordance with free market principles.
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Russian President Vladimir Putin has defended the acquisition of Yuganskneftegaz, core asset of embattled oil major Yukos by the state-run Rosneft, saying that the state was protecting its interests in moving to get control of one of the biggest
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The Russian government has approved a plan for the merger of natural gas giant Gazprom and the state-owned Rosneft oil company, a news agency reported Thursday.
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The previously unknown company that made the winning bid for beleaguered Yukos Oil Co.&#39;s core production facility is likely to make it available to state-controlled Gazprom natural