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Yukos creditors form two more lots for auction

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MOSCOW, March 30 (RIA Novosti) - The committee of Yukos creditors has formed two more lots for auctions to sell the bankrupt company's assets, the press secretary for Yukos's bankruptcy manager said Friday.

The first lot will include Yukos subsidiaries in the Krasnodar Territory in southern Russia. The second lot comprises oil refining and producing, energy, service and research assets of what was once Russia's largest oil company.

A source close to the committee told RIA Novosti that the starting price of the first and second lots is 3 billion rubles ($115.3 million) and more than 166 billion rubles ($6.38 billion), respectively.

According to preliminary information, the auctions will take place in early May.

Russia's state-run oil company Rosneft bought its 9.44% stake held by Yukos in the first auction March 27.

The first lot acquired by Rosneft's RN-Razvitiye also included 12 promissory notes in the Yuganskneftegaz oil producing unit, worth 3.558 billion rubles (about $136.8 million).

The lot's initial price was slightly over 195.5 billion rubles (about $7.5 billion), with a bid increment of 260 million rubles (about $10 million).

RN-Razvitiye offered 197.84 billion for the lot (about $7.6 billion).

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.

Yukos, whose founder Mikhail Khodorkovsky is serving an eight-year prison term in Siberia after being convicted of fraud in May 2005, faces a total of more than 700 billion rubles (about $26.9 billion) in claims from creditors, Nikolai Lashkevich, the press secretary of Yukos's bankruptcy manager, said earlier.

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