Property Fund yet to receive application for Yukos auctions
Published March 20th, 2007
The Russian Federal Property Fund has not yet received one application to take part in auctions for Yukos assets, Fund Chairman Yury Petrov told journalists.
“There is not yet one application either for the first lot or for subsequent lots,” he said.
He said that the deadline for applying for the first auction - for 9.44% of Rosneft belonging to Yukos - is 17:00 Moscow time on Friday.
A 9.44% stake in Rosneft owned by Yukos is being offered for sale in a single lot with 3.6 billion rubles in Yuganskneftegaz promissory notes. The auction is to be held on March 27 and the start price for the lot is 195.5 billion rubles.
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