Unknown Company Baikal Wins YUKOS Auction
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Baikal Finance Group, an unknown  company, won an auction for Russian oil company's YUKOS's core  asset Sunday with a $9.4 billion bid and analysts said whomever  was behind the bid enjoyed Kremlin favor.
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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.
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MOSCOW, Russia -- The sale of embattled Russian oil company Yukos to a little known bidder has been called a scandal by some observers and led to speculation the government may make a grabbed for its assets.
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An oil company controlled by the Russian government, Rosneft, said yesterday that it had bought the company that had won Sunday&#39;s auction for the largest subsidiary of the oil giant Yukos.
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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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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
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A mysterious investment group formed just last month bought a majority stake in the core production unit of the Russian oil giant Yukos Oil Co. for $9.3 billion Sunday at a Moscow auction.
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Russia is vowing to proceed with an auction of oil giant Yukos' key production subsidiary, saying a U.S. court ban is irrelevant. But the expected winner of Sunday's auction, the state-run Russian gas company Gazprom, may not be able to pay after a consortium of Western banks reportedly put on hold billions of dollars in credit it needs to fund its bid.
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A mystery company has bought the main production arm of the Russian oil giant Yukos. Baikal Finance Group has paid the equivalent of USD9.3bn for the production operation Yuganskneftegas at an auction.
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ISN SECURITY WATCH (27/12/04) - Russia&#39;s state-owned Rosneft oil company announced on Thursday that it had fully bought Baikal Finance Group, the mysterious shell firm that had won the 20 December controversial auction for Yuganskneftegaz, the core
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MOSCOW: Russia forged ahead yesterday with the weekend auction of the core asset of crippled oil giant Yukos despite a US court order barring the sale, as the state-controlled gas monolith Gazprom entered the bidding.
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MOSCOW, December 19 - Russia completed the dismantling of Yukos Oil today, selling off the country&#39;s largest oil subsidiary to a company that was essentially unheard of until three days ago.
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Russia's anti-trust body said on  Saturday it had approved the state oil firm Rosneft's purchase  on Thursday of the obscure buyer of the key production unit of  beleaguered YUKOS oil company.
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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos' most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas giant Gazprom.
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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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Gas monopoly Gazprom has been given the green light by Russian authorities to bid for Yuganskneftegas, the main arm of stricken oil firm Yukos.
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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.