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BNET Business Dictionary
- Auction
- a sale of goods or property by competitive bidding on the spot, by mail, by telecommunications, or over the Internet
- Auction definition on BNET »
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- Chinese company could take part in Yuganskneftegaz sale
- MOSCOW AFP — Chinese oil conglomerate CNPC could be offered up to 20 percent of a state-owned Russian firm that will own Yuganskneftegaz, the main asset of the dismembered Yukos energy giant, the industry and energy minister said. "The assets of Yuganskneftegaz will be transferred to a separate company,...
- Research articles 2004-12-30
- Russian state protects its interests in buying main Yukos asset: Putin
- MOSCOW AFP — Russian President Vladimir Putin said that the state was protecting its interests by buying the main asset of oil giant Yukos, in the first renationalisation of the post-Soviet era. "Today the state, using absolutely legal market mechanisms, is protecting its interests. I consider that absolutely normal,"...
- Research articles 2004-12-23
- Russian state protecting its interests over Yukos: Putin
- MOSCOW AFP — Russian President Vladimir Putin insisted that the state was protecting its rightful interests by swallowing the main asset of the Yukos oil giant, in the first renationalisation of the post-Soviet era. "Today the state, using absolutely legal market mechanisms, is protecting its interests. I consider that...
- Research articles 2004-12-23
- US says Yukos auction cuts confidence in Russian legal system
- WASHINGTON AFP — The auction of Russian oil giant Yukos' main subsidiary to a mystery buyer erodes confidence in the Russian legal and judicial system, the US State Department said. "Conduct of the case has raised serious concerns at the lack of transparency and the independence of Russia's investment...
- Research articles 2004-12-20
- Russia welcomes foreign bids for assets of embattled Yukos oil giant
- NEW DELHI AFP — Russia said it would welcome Indian and other companies bidding for the assets of Russian oil giant Yukos, the country's biggest oil exporter, due to be sold off later this month. Russia is putting up for auction Yukos's main oil producing unit, Yuganskneftegaz, and has...
- Research articles 2004-12-04
- Russia's Gazprom to bid on Yukos crown jewel
- MOSCOW AFP — Russia's Gazprom monopoly will bid for the crown jewel of the embattled Yukos oil giant during an upcoming December auction, its chief said confirming long-held market rumors. Gazprom's recently-created subsidiary Gazpromneft, which is due to absorb the state's oil company Rosneft, has concluded that "the most...
- Research articles 2004-11-30
- Russia will auction off its stake in Lukoil
- MOSCOW AFP ? The Russian government will auction off its 7.6-percent stake in the country's second-largest oil company Lukoil, Economic Development Minister German Gref revealed. He said in a report carried Thursday by the Interfax news agency the government would discuss the move next week and would then announce...
- Research articles 2004-05-27
- GAZPROM STOCK RAISED BY 7.1% AT THE FEDERAL STOCK CORPORATION AUCTION.
- A&G Information Services 04-29-1997 GAZPROM STOCK RAISED BY 7.1% AT THE FEDERAL STOCK CORPORATION AUCTION. St.Petersburg, Russia, April 28. The average sale price of Gazprom stock at April 16 Moscow auction hit 3,743 rbls per share ...
- Research articles 1997-04-29
- GAZPROM STAKE TO BE SPLIT AND SOLD.
- A&G Information Services 11-25-1998 GAZPROM STAKE TO BE SPLIT AND SOLD. ST.PETERSBURG, RUSSIA. The government sells the first half of the 5% stake in Gazprom. Auction bids are accepted from Nov. 4 till Dec. 18, ...
- Research articles 1998-11-25
- THE AUCTION OF "ROSNEFT" SHARES, REPORTED TO BE HELD ON MAY, 26, IS LIKELY TO FAIL.
- A&G Information Services 05-06-1998 THE AUCTION OF "ROSNEFT" SHARES, REPORTED TO BE HELD ON MAY, 26, IS LIKELY TO FAIL. ST.PETERSBURG, RUSSIA. This was predicted on the TV program "Dengui" by acting Chairman of the A&G Information Services...
- Research articles 1998-05-06
Additional Resources
- FSU
- Russian oil firm Gazprom plans to acquire a 50% interest in the East Siberian Tomskneft unit from Russian state-controlled Rosneft for US$3.66 billion, according to Russian news agencies. Rosneft acquired the Tomskneft unit in May in a state auction of assets of bankrupt oil company Yukos. The unit produces 240,000...
- Articles 2008-02-01
- Rosneft Selling Non-Core Yukos Assets
- The state-controlled oil giant Rosneft on May 23 said it will sell off the assets of former private sector rival Yukos which are not core to its current activities, after purchasing the majority of Yukos' assets during a government auction earlier this month. Rosneft CEO Sergei Bogdanchikov told journalists: "We...
- Articles 2007-05-28
- Italy's Eni buys Yukos assets in breakthrough deal
- MOSCOW AFP — Italian energy company Eni paid 5.81 billion dollars (4.35 billion euros) for a clutch of assets of stricken oil company Yukos on Wednesday, crowning months of talks on entering Russia's upstream energy sector. The assets were bought at a Moscow auction by Enineftegaz, which is...
- Articles 2007-04-04
- Eni, Enel to bid for Yukos assets: reports
- MOSCOW AFP — Italian energy companies Eni and Enel have joined forces with Russian group ESN to participate in the next auction of assets of the stricken oil company Yukos, Russian media said on Wednesday. The three companies have paid a 1.1-billion dollar (827 million-euro) deposit via a...
- Articles 2007-03-28
- Yukos Assets to be Auctioned Off in March
- The receiver for the bankrupt Russian oil firm Yukos will auction off the firm's remaining assets sometime in March, face=+Italic; Reutersface=-Italic; reported. The auctions will be held by firm receiver Eduard Rebgun, who has valued Yukos' assets to be around $22 billion, with five major refineries and more...
- Articles 2007-02-28
- RFFP SOLD FFC
- A&G Information Services06-13-2006RFFP SOLD FFCST.PETERSBURG, RUSSIA, Jun 13, 2006 (A&G News via COMTEX) -- On June 1 Russian Fund of the Federal Property RFFP sold on an advertised auction 23, 93% of shares of the OAO "Federal Fund Corporation" FFC, informs RFFP. The winner is ZAO "Financial Company "Intrust", which...
- Articles 2006-06-13
- RFFP SOLD FFC
- A&G Information Services06-12-2006RFFP SOLD FFCST.PETERSBURG, RUSSIA, Jun 12, 2006 (A&G News via COMTEX) -- On June 1 Russian Fund of the Federal Property RFFP sold on an advertised auction 23, 93% of shares of the OAO "Federal Fund Corporation" FFC, informs RFFP. The winner is ZAO "Financial Company "Intrust", which...
- Articles 2006-06-12
- Yukos shareholders sue Russia in US court
- WASHINGTON AFP — Investors in US-listed shares of Russia's Yukos have filed suit alleging securities fraud by Russian officials in auctioning off the oil giant without compensating shareholders, lawyers said. The suit filed in Washington said holders of shares known as American Depository Receipts ADRs, most of whom...
- Articles 2005-10-25
- THE COURT HAS SUPPORTED "YUKOS"
- A&G Information Services09-13-2005THE COURT HAS SUPPORTED "YUKOS"ST.PETERSBURG, RUSSIA, Sep 13, 2005 (A&G News via COMTEX) -- The oil company is trying to declare invalid the auction, where for tax debts 76, 79% of "Yuganskneftegaz" shares were sold. "YUKOS" also intends to have the damages for Rbl 324 billion, which it...
- Articles 2005-09-13
- THE COURT HAS SUPPORTED "YUKOS"
- A&G Information Services09-12-2005THE COURT HAS SUPPORTED "YUKOS"ST.PETERSBURG, RUSSIA, Sep 12, 2005 (A&G News via COMTEX) -- The oil company is trying to declare invalid the auction, where for tax debts 76, 79% of "Yuganskneftegaz" shares were sold. "YUKOS" also intends to have the damages for Rbl 324 billion, which it...
- Articles 2005-09-12
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