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  Tuesday, November 12, 2019
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Three companies will bid for the assets of the now bankrupt oil company Yukos located in southern Russia
Three companies will bid for the assets of the now bankrupt oil company Yukos [YUKO] located in southern Russia, the auction commission said Thursday. Promregionholding, Versar and Neft-Aktiv, a subsidiary of state-controlled crude producer Rosneft, have been admitted to the auction, the commission said. Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company's tax arrears. The lot that includes Yukos assets in the Krasnodar Territory has an initial price of 3.17 billion rubles (about $123 million), with a bid increment of 37.12 million rubles (about $1.4 million) and a required deposit sum of 742.44 million rubles (about $28.8 million).
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