Are you sure?

Obscure co. buys Yukos office, research assets for $3.87 bln

An obscure company, Prana, has bought the office and research assets in an auction of oil giant Yukos for 100.091 billion rubles ($3.87 billion), a RIA Novosti correspondent said Friday.

Prana, whose beneficiaries are unknown, made a bid that exceeded the starting price by almost five times outstripping its only rival in the auction, Neft-Aktiv, a subsidiary of state-controlled Rosneft, which has already snapped up the bulk of Yukos assets in previous auctions. „We did not expect the price to jump so high and competition to be so fierce,” said Nikolai Lashkevich, press secretary for the Yukos bankruptcy receiver. The initial lot price, that included the former 22-story Yukos central office in Moscow, was 22 billion rubles ($855 million), with a bid increment of 110.36 million rubles ($4.3 million). (rian.ru)