Little-known company buys Yukos' core unit at auction

Russia’s obscure Baikalfinansgroup bought Yukos’ core production unit at auction for $9.3bn (€7bn) today, gaining control of one of Russia’s most prized oil assets.

Little-known company buys Yukos' core unit at auction
Sun, 19 Dec, 2004 - 15:09

Russia’s obscure Baikalfinansgroup bought Yukos’ core production unit at auction for $9.3bn (€7bn) today, gaining control of one of Russia’s most prized oil assets.

Virtually nothing is known about the winner except the fact that it is registered in the central city of Tver.

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