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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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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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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Moscow. (Interfax-China) - The assets of Yuganskneftegaz, the core production unit of Yukos sold at an auction on December 19, will be transferred to a separate, wholly state-owned company, the Russian Industry
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PETER CAVE: A mystery Russian company has bought what&#39;s been described as the heart of the country&#39;s beleaguered oil giant, Yukos.
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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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The cat-and-mouse game between Russian tax authorities and Yukos, the country&#39;s largest oil producer, took a bizarre turn Sunday evening during a secretive auction held in Moscow.
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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 &#36;9.4 billion bid and analysts said whomever was behind the bid enjoyed Kremlin favor.
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Baikal Finance Group is a previously unknown entity, presumed by many to be a front for another bidder or bidders. Reports indicate it was recently registered at an address, said to be a grocers, in Tver, a city north of Moscow.
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MOSCOW  - Russia forged ahead with the weekend auction of the core asset of crippled oil giant Yukos despite a disputed US court order barring the sale, with state-controlled gas giant Gazprom entering the bidding.
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In a surprising turn of events, an unknown company placed the winning bid for the oil arm of Yukos at a much publicised auction in Moscow on Sunday.
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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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The US oil giant ConocoPhillips on Wednesday won an auction to purchase state-held stake of Russia&#39;s second largest oil producer Lukoil.
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The Russian Federation Federal Antimonopoly Service has approved the acquisition by the Rosneft state oil company of Baykalfinansgrup, which won the auction for the sale of the controlling package of shares in the Yuganskneftegaz company, Interfax has
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The mystery surrounding Yukos's successful bidder, Baikal Finans Group, immediately raised suspicion among industry analysts.
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Russia left YUKOS and its investors  guessing as to its next move on Monday after selling its main  oil production unit to Baikal Finance Group, a mystery firm  registered at a grocery in provincial Russia.
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OAO Rosneft, Russia&#39;s state-owned oil company, bought the winning bidder for the confiscated unit of OAO Yukos Oil Co., Russia&#39;s largest petroleum exporter, Interfax reported, citing an unnamed Rosneft official.