A Yukos subsidiary gets a low valuation
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MOSCOW The Russian government said Tuesday that it would sell part of Yukos&#39;s most valuable subsidiary by the end of November as the company tries to pay off the billions of dollars it owes in taxes.
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MOSCOW Russia&#39;s Justice Ministry will sell off some of the assets of a subsidiary of the oil giant Yukos. That&#39;s according to a statement carried by the Interfax news agency.
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Shareholders in Yukos are pondering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.
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Shares in the oil giant Yukos today continued to slide amid concerns that the Russian government would sell part of a key subsidiary cheaply in order to finance the company&#39;s huge tax debt.
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An independent assessor valued Yukos' main production unit at &#36;14.7 billion to &#36;17.3 billion on Thursday, the same day a news agency reported that a controlling stake in the business could be sold for just over &#36;4 billion.
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Russian authorities will continue to sell off the remains of the shattered Yukos oil company, with at least one of its main remaining subsidiaries being sold sometime this spring, a Russian news agency said Tuesday.
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The Russian Justice Ministry announced Tuesday that the Yukos oil company&#39;s main production subsidiary, Yuganskneftegaz, had been evaluated at $10.
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Russia&#39;s top oil exporter, YUKOS, slid closer to collapse after it lost its main production unit to a mystery buyer in a forced auction and acknowledged on Monday that its crude shipments were slowing.
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MOSCOW : The battered Russian oil giant Yukos said a Moscow court had frozen its 34.5 percent stake in rival Sibneft, halting a reversal of their merger that would provide cash for Yukos to settle massive tax bills.
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Moscow. (Interfax) - The assets of Yuganskneftegaz, the core production unit of Yukos sold at a December 19 auction, will be transferred to a separate, wholly state-owned company, the Russian Industry and
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Russia's top oil exporter, YUKOS, slid  closer to collapse after it lost its main production unit to a  mystery buyer in a forced auction and its crude shipments  started to slow.
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RBC, 27.09.2004, Moscow 15:49:32.YUKOS&#39;s assets should be sold for about $15bn, Ivan Materov, Deputy Minister for Industry and Energy of the Russian Federation, said at an economic conference &quot;Russia: investments in the economy of growth&quot;.
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An independent assessor valued Yukos&#39; main production unit at $14.7 billion to $17.3 billion on Thursday, the same day a news agency reported that a controlling stake in the business could be sold for just over $4 billion.
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YUKOS and its investors were left  guessing as to Russia's next move Monday after its main oil  production unit was sold off to Baikal Finance Group, a mystery  firm registered in a provincial city.
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The main subsidiary for embattled Russian oil giant Yukos has been hit with a new $1.2 billion tax bill for 2003, a news agency reported Tuesday.
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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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The Russian government yesterday night appeared to be preparing to sell the main asset of Yukos, the countryâs embattled oil company, for as little as $4 billion - a fraction of its fair value â-n a move analysts branded as âdaylight robbery