Friday, April 6, 2007

UPDATE 1-Russia to seal YUKOS's demise with Samara auction

(Reuters) - MOSCOW, April 6 - Russia will bang the last nail into the coffin of YUKOS , once its top oil producer, by selling the bankrupt firm's Samara production unit and three nearby refineries in May with a starting price of $6 billion.

YUKOS's receiver Eduard Rebgun told Reuters on Friday the committee of creditors had decided to auction the production unit and refineries in a single lot.


Read more at Reuters.com Mergers News

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