Yukos’ Assets Estimated At $22B

Law360, New York (January 19, 2007, 12:00 AM EST) -- The sale of bankrupt Russian energy provider OAO Yukos may raise as much as $22 billion for the company’s creditors, according to the receiver in charge of the company’s bankruptcy proceedings.

Eduard Rebgun, who is acting as a receiver for Yukos, said in a statement that “according to the valuers’ preliminary estimates, the total value of all Yukos assets may exceed $22 billion.”

Once the final assessment of the company’s worth is completed, Yukos will begin selling off its assets.

Although the auction will raise money...
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