MOSCOW, May 16 (RIA Novosti) - The Yukos bankruptcy administrator said Wednesday the company's assets in Krasnodar, southern Russia, would be offered to a company linked to state-controlled oil giant Rosneft.
The auction winner, ZAO Promregion Holding, won the auction with a bid of 4.9 billion rubles ($190 million), but Russian competition regulators barred it from buying the assets due to its failure to disclose its ownership structure, a spokesman for the administrator said.
If Rosneft-controlled OOO Neft-Aktiv, whose bid came second at the auction, refuses to buy the lot at the price bid by the disqualified winner, then the little-known OOO Versar, which came third, will receive the same offer. If all bidders for Lot 9, which includes the assets, refuse to pay Promregion's price, the lot will be auctioned off again, the Yukos administrator said.
Lot 9, offered at an initial price of 3.712 billion rubles ($144 million), included 100% of OAO Stavropolnefteprodukt (oil products), 26.26% in OAO Kubanenergo (electricity utility), 26.26% in OAO Kubanenergosbyt (electricity sales), 26.26% in OAO Kubanskaya Generiruyushchaya Kompaniya (Kuban Generating Company), 26.26% in OAO Kubanskie Magistralnye Seti (power transmission lines operator), 100% of OOO Val Shatskogo (which holds an exploration license for an area of the Black Sea); 49,9% in OOO Kaspyskaya Neftyanaya Kompaniya (Caspian Oil Company), and 51% in OOO Yu-Kuban.
