[lbo-talk] state buys Yukos buyer

Doug Henwood dhenwood at panix.com
Wed Dec 22 14:53:42 PST 2004


[they didn't waste much time with this!]

Russia state-owned firm buys Yukos bid winner: reports (YUKOY) By Alexander Davis

SAN FRANCISCO (CBS.MW) -- Rosneft, Russia's state-owned gas company, said Wednesday it has acquired BaikalFinance, the obscure holding company that won the bidding for Yukos, according to wire service reports. Terms of the deal weren't disclosed, Dow Jones reported. BaikalFinance's emergence as the auction winner prompted critics to suspect that the Russian state was orchestrating a takeover of Yukos.



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