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RosBusinessConsulting: Participants in auction for YUKOS’s retail assets announced

RBC, 10.05.2007, Moscow 15:57:17.Five companies have been admitted for an auction for bankrupt Russian oil company YUKOS’s refined oil product retail enterprises: TNK-Yugra, Versar, Shell-Neft, Unitex, and Neft-Active (representing the interests of Rosneft). A total of six bids have been placed. Promregion Holding also submitted a bid for participation in the auction, but later revoked it.

According to the latest data, only three bidders registered for trading: TNK-Yugra, Shell-Neft, and Unitex. Representatives from the other two companies admitted to take part in the auction, Neft-Active and Versar, did not show up.

The asking price on Lot No. 12 is around RUR7.742bn (approx. USD301m), the bid increment is RUR77.416m 9approx. USD3m), and the down payment amounts to RUR1,548,315,400 (approx. USD60m).

http://www.rbcnews.com/free/20070510155717.shtml

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