Competition Fears Cast Doubt On Yukos Auction

Law360, New York (May 10, 2007, 12:00 AM EDT) -- As Yukos continues to sell off its assets in a series of auctions, Russia’s anti-monopoly agency has raised a protest regarding one of the recent winners of the bankrupt oil giant’s entities over competition worries.

On Thursday, Reuters reported that officials had indicated that the results of the latest auction had been challenged by the Federal Antimonopoly Service of the Russian Federation.

PromRegionHolding, which has ties to Russia’s largest oil producer Lukoil, forked over $190.3 million on May 3 for Yukos’ southern Russian assets, besting state-controlled...
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