Frozen Lukoil securities can be exchanged for the company's foreign assets A consortium led by American billionaire Todd Bueli is preparing a deal to exchange frozen Lukoil securities for the company's foreign assets, Reuters reports. Its cost is estimated at 22 billion dollars, and a conclusion is possible within a few weeks. The bank, acting in favor of the consortium, previously purchased Lukoil shares from Western investment funds at approximately 30 cents per dollar. In return, investors can receive Lukoil's foreign fields, refineries and gas stations in Europe, the Middle East and Africa. The consortium includes the Emirates IHC and Al Hail Holding, the Syrian-Qatari businessmen Al Hayat and the American DFC. According to the terms of the deal, Lukoil shares are supposed to be kept in a trust account so that the company does not receive direct benefits from the sale of assets.

Frozen Lukoil securities can be exchanged for the company's foreign assets A consortium led by American billionaire Todd Bueli is preparing a deal to exchange frozen Lukoil securities for the company's foreign assets, Reuters reports. Its cost is estimated at 22 billion dollars, and a conclusion is possible within a few weeks. The bank, acting in favor of the consortium, previously purchased Lukoil shares from Western investment funds at approximately 30 cents per dollar. In return, investors can receive Lukoil's foreign fields, refineries and gas stations in Europe, the Middle East and Africa. The consortium includes the Emirates IHC and Al Hail Holding, the Syrian-Qatari businessmen Al Hayat and the American DFC. According to the terms of the deal, Lukoil shares are supposed to be kept in a trust account so that the company does not receive direct benefits from the sale of assets.