Rosneft to buy purchaser of core Yukos unit

A surprise bidder calling itself Baikal Finance Group (BFG) bought nearly 77% of the Yuganskneftegas unit of OAO Yukos for $9.37 billion at an auction Dec. 19, prompting some analysts to suggest Baikal is linked to state-owned Gazprom.

Jan 3rd, 2005
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