| Other Photos |
 |
|
 |
Gazprom Neft Shares Loaded with Assets
// Gas companies were included into the second lot out of YUKOS property
Russia’s Federal Property Fund declared auction sale of 20 percent of Gazprom Neft shares, which belong to YUKOS. One lot costing over 144 billion roubles includes YUKOS natural gas assets as well, -- 100-percent packages of Arktikgaz and Urengoil shares. Experts think that Gazprom thus became the only possible buyer of the lot. Meanwhile, a specified estimation of all YUKOS assets appeared on Friday. According to the company’s bankruptcy manager Eduard Rebgun, the sum is between $25.6-26.8 billion, which might cover not only the company’s chief debts, but also fines and penalty fees.
The auction sale of the second lot of YUKOS property is scheduled for April 4. Beside 20 percent of Gazprom Neft shares, the lot includes 100 percent of Arktikgaz and Urengoil companies, and packages in 15 more enterprises.
MDM-bank analyst Andrei Gromadin said: “If an investor has at least some guarantee for pumping natural gas from the deposits of YUKOS enterprises into the gas-main pipeline, it might pay even $2 billion for Arktikgaz and Urengoil, and not their auction price of $1 billion. Thus, nothing prevents Gazprom or its affiliated structures from acquiring the lot, and then handing over a part of its assets to Gazprom Neft and its foreign partners.”
Meanwhile, a specified estimation of all YUKOS assets appeared on Friday. The company’s bankruptcy manager Eduard Rebgun said that the basic estimation of YUKOS is between $25.6-26.8 billion (the sum of over $22 billion had been named before). YUKOS total debt to creditors is 709 billion roubles (around $27 billion). Thus, the sum gained at the auction is likely to be enough to cover not only the company’s chief debts, but also fines and penalty fees which amount to 150 billion roubles. However, it might happen if there is at least some competition for the assets.
www.kommersant.com
All the Article in Russian as of Mar. 05, 2007
|
|
|
