December date for Yukos sell-off - Democratic Underground

emad

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Fri Nov-19-04 10:10 AM
Original message

December date for Yukos sell-off

BBC News

The Russian government has set a date and price for the sale of Russian oil giant Yukos' main unit Yugansk, seized to pay the firm's huge back tax bills.

The sale opens on 19 December - a day before a shareholder meeting which could decide the firm's fate.

The starting price is 246.8bn roubles ($8.65bn; £4.7bn), well below the $20bn which Yukos says Yugansk is worth.

It comes at the same time as Russian authorities demanded Yukos pay an extra $5.9bn in unpaid tax revenues.

http://news.bbc.co.uk/1/hi/business/4024607.stm

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catzies

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Fri Nov-19-04 01:50 PM
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1. Enter the Carlyle Group? Where's Poppy?

They're not a public company and are free of pesky things like disclosure and shareholder accountability. Sounds like a match made in heaven.

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DU AdBot (1000+ posts)

Wed Apr 24th 2024, 05:03 PM
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