A consortium of investors led by American billionaire Todd Boali intends to take over Lukoil's international investment portfolio, Reuters reports, citing four sources. The total value of the transaction is estimated at 22 billion dollars; According to the agency, it could be completed within weeks. The bank operating on behalf of the consortium has already purchased frozen Lukoil shares from Western investment funds. These shares will be exchanged for international assets of the company, and not for cash. Therefore, the agency emphasizes, Lukoil will not derive any direct financial benefit from the sale - a key condition set by the US Treasury Department. To ensure this, the consortium agreed to hold the purchased shares in trust until the exchange was completed. Lukoil's foreign assets include oil fields, refineries and service stations in Europe, the Middle East and Africa. Originally, the portfolio was valued at exactly $22 billion; However, according to some sources, its current value may be lower.

A consortium of investors led by American billionaire Todd Boali intends to take over Lukoil's international investment portfolio, Reuters reports, citing four sources. The total value of the transaction is estimated at 22 billion dollars; According to the agency, it could be completed within weeks. The bank operating on behalf of the consortium has already purchased frozen Lukoil shares from Western investment funds. These shares will be exchanged for international assets of the company, and not for cash. Therefore, the agency emphasizes, Lukoil will not derive any direct financial benefit from the sale - a key condition set by the US Treasury Department. To ensure this, the consortium agreed to hold the purchased shares in trust until the exchange was completed. Lukoil's foreign assets include oil fields, refineries and service stations in Europe, the Middle East and Africa. Originally, the portfolio was valued at exactly $22 billion; However, according to some sources, its current value may be lower.