Thursday, October 06, 2005
Mazheikiu: Yukos appoints Lehman Brothers as adviser; state to choose between TNK-BP and Lukoil as buyer
Story: Russian oil player, Yukos has appointed Lehman Brothers as a consultant for the sale of Mazheikiu Nafta, reported Kommersant, with reference to wire reports. Kommersant reported that Lehman Brothers is talking to potential bidders on behalf of Yukos.
Yukos and Lehman Brothers did not provide comment.
Yukos, via its subsidiary Yukos International U. K . B. V, holds a 53.7% stake in Mazheikiu Nafta, the Lithuanian oil refiner. Another 40.66% stake in Mazheikiu belongs to the Lithuanian government. Analysts value Yukos’s stake at between USD 1.5bn to USD 2bn. Lithuania is reportedly preparing a bill that would enable the state to buy Yukos’s stake for USD 1.05bn. Afterwards, Lithuania would be ready to sell up to a 84.36% stake in Mazheikiu to a strategic investor. Kommersant recalled last night's announcement by the Lithuanian prime minister. It said that the bidder for Mazheikiu will be chosen between Russia’s oil firm Lukoil and the Anglo-Russian oil venture, TNK-BP.
Source: Kommersant
Value: $2,000m (Yukos’s stake value)
Yukos and Lehman Brothers did not provide comment.
Yukos, via its subsidiary Yukos International U. K . B. V, holds a 53.7% stake in Mazheikiu Nafta, the Lithuanian oil refiner. Another 40.66% stake in Mazheikiu belongs to the Lithuanian government. Analysts value Yukos’s stake at between USD 1.5bn to USD 2bn. Lithuania is reportedly preparing a bill that would enable the state to buy Yukos’s stake for USD 1.05bn. Afterwards, Lithuania would be ready to sell up to a 84.36% stake in Mazheikiu to a strategic investor. Kommersant recalled last night's announcement by the Lithuanian prime minister. It said that the bidder for Mazheikiu will be chosen between Russia’s oil firm Lukoil and the Anglo-Russian oil venture, TNK-BP.
Source: Kommersant
Value: $2,000m (Yukos’s stake value)
