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Sep. 03, 2007
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Promneftstroy Paid in Whole for Yukos Finance
Promneftstroy has transferred to the Yukos account the last installment due for the stocks of Yukos Finance sold at the August 15 tender, Interfax reported with reference to Nikolay Lashkevich, briefer of Yukos receiver.
Promneftstroy won the tender for 242,399 stocks of Yukos Finance B.V., having offered 7,838 billion rubles for them. One of the key assets of Yukos Finance B.V. is 49 percent in Slovakia’s pipeline owner Transpetrol. The vendor and seller inked the sales contract on August 20.

For the purpose of bidding at the tender, Promneftstroy bought out Monte-Valle, which had already acquired some assets of Yukos.

According to The Financial Times, Promneftstroy is currently in talks with the U.S. VR Capital about funding the purchase of Yukos Finance BV.

The victory in the tender doesn’t mean direct acquisition of Slovakia’s assets, as the former owners of Yukos have transferred the stocks to the fund that is controlled by the previous employees of Mikhail Khodorkovsky. The aim of that move was to prevent Eduard Rebgun from getting the stocks of Transpetrol. The buyer of Yukos Finance will probably have to fight for Transpetrol stocks in the courts.
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