OREANDA-NEWS. The association of Yukos’ creditors offer to other participants of the auction to buy assets of Yukos in Krasnodar region for RUR 4,9bn (USD 188mn). The lot included Yukos’ assets in Krasnodar region: a 100% stake in Shatsky Val company (which holds an exploration license for Zapodno-Chernomorskaya Ploshchad oil field on the Black Sea shelf), 49,89% stake in Caspian Oil Company, 100% stake in oil product manufacturer Stavropolnefteprodukt, 51% stake in little-known company Yu-Kuban, 26,26% stakes in electric power utility Kubanenergo, Kubanskaya electric power supply company, Kuban Generating Company and Kuban Mainline Grids.

We should remind you that right to purchase these assets was won during the auction by Promregion Holding’, but FAS did not allow the deal to go through because the structure of this company was obscure.  The second highest price for the assets was offered during the auction by Rosneft’s subsidiary Neft-Aktiv. So, this company was the first one to which it was offered to buy the assets for the specified price. The response should be given within 3 days. The press service of Rosneft told to local media that it presently evaluates the proposal.  If no one of the auction’s participants agrees to buy the assets for the specified price its results will be annulled and a new auction will be held. We believe that Rosneft will agree to purchase the assets for RUR 4.9bn because if a new auction is held the price may become even higher. It is also likely that Promregion Holding will appeal the FAS decision in court and it will be more difficult for it to get back the assets, which were already sold.