Logo
  Tuesday, June 28, 2022
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

The Italian Ministry of Industry was the only source that had confirmed Eni's interest in Yukos assets
Until yesterday, the Italian Ministry of Industry was the only source that had confirmed Eni's interest in Yukos assets. The Russian government insisted that the oil major's fate had never been the subject of discussions with Italian businessmen. Eni CEO Vittorio Mincato had only made vague statements about his desire to invest money in a Russian company on condition that it would be to purchase a controlling bloc of shares, Finansovye Izvestia writes. On Wednesday, Mr. Mincato finally named the Russian company he was going to buy. The Eni management acknowledged that the company was interested in Yuganskneftegaz - the main production unit of Yukos. A 77% block of the company's shares will be sold at an auction on December 19 (the starting price is estimated at $8.6 billion). However, Eni does not intend to participate in the auction directly. It wants to purchase Yuganskneftegaz shares from the auction's winner. In so doing, Eni has hinted that it is not satisfied with the Russian state's guarantees with regard to the future purchase. Yuganskneftegaz must remain in the hands of an interim buyer for some time before Eni takes over the company. Gazprom is the most likely buyer. The newspaper mentions another foreign candidate interested in buying Yukos assets - the China National Petroleum Corporation (CNPC). According to unconfirmed data, it has offered $9 billion for Yuganskneftegaz. Other foreign companies, including E.ON and Shell, are reported as possible candidates for the deal that might envision an alliance with Gazprom. However, the stock market reacted to this great demand for Yuganskneftegaz with a fall in Yukos shares. On Wednesday, they plummeted by a third
Print The Italian Ministry of Industry was the only source that had confirmed Eni's interest in Yukos assets Bookmark The Italian Ministry of Industry was the only source that had confirmed Eni's interest in Yukos assets

Related News   
OctNovember 2004Dec
MoTuWeThFrSaSu
25262728293031
1234567
891011121314
15161718192021
22232425262728
293012345