Consortium led by US businessman seeks to take over Lukoil’s assets under sanctions

Romania Insider ·
Business Mergers & Acquisitions Russia

The consortium is buying Lukoil securities from Western investment funds, Profit.ro reported. The securities, currently blocked under international sanctions, would later be placed in an escrow account in exchange for Lukoil’s international assets, including those in Romania. The mechanism avoids generating “windfall gains” to Lukoil – an element that prevented another deal attempted by US bank…

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