Baikalfinansgrup (Russian: Байкалфинансгруп) is a Russian limited liability company owned by Rosneft Oil Company. It is best known as the company that won the December 19, 2004 auction for a 76.79% share in Yuganskneftegaz, formerly the core production subsidiary of Yukos Oil Company. Baikalfinansgrup won the auction with a bid of 261 billion rubles (US$9.3 bn), which was somewhere between 37% and 49% of Yuganskneftegaz’ market value at the time, according to an appraisal made by Dresdner Kleinwort Wasserstein and JPMorgan Chase & Co.[1]
^"Russia to hold Yukos auction despite U.S. Ruling". NBC News. 17 December 2004. Retrieved 2006-04-28.
Baikalfinansgrup (Russian: Байкалфинансгруп) is a Russian limited liability company owned by Rosneft Oil Company. It is best known as the company that...
enter a bid [citation needed]), and an unknown front company called Baikalfinansgrup which had been registered a few days before the auction, and whose...
appeared at the auction, Gazpromneft and Baikalfinansgrup. Gazpromneft declined to place any offer. Baikalfinansgrup acquired Yuganskneftegaz on its first...
which is another company. On 19 December 2004, Gazpromneft (along with Baikalfinansgrup) participated in a State-run auction for former Yukos subsidiary Yuganskneftegaz...
close associate of President Vladimir Putin. On 22 December 2004, Baikalfinansgrup was purchased by Rosneft, a wholly state-owned Russian oil company...
[citation needed] Surgutneftegas was widely believed to be behind Baikalfinansgrup which acquired YUKOS' main oil production facility Yuganskneftegaz...
Global Information