Bank to value Yukos asset
RUSSIA has appointed leading investment bank Dresdner Kleinwort Wasserstein to value one of the biggest assets of Yukos, the troubled Russian energy giant.
The Yuganskneftegaz unit may be sold to pay a 1.9 billion tax bill faced by Yukos.
The appointment of Dresdner Kleinwort Wasserstein as valuer has eased concerns that the subsidiary might be sold for less than its fair value.
Yuganskneftegaz accounts for 60 per cent of Yukos’ output.
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Saturday 18 February 2012
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