Yukos ads target banks backing Gazprom's bid

Article Abstract:

As six international investment banks prepare financing for OAO Gazprom's $13 billion acquisition of OAO Yukoil's Yuganskneftegas production unit, lawyers for Yukos shareholders are launching advertisements in Western newspapers aimed at dissuading potential buyers of Yukos assets. The ads will argue that the acquisition is the result of a forced sale and that therefore the investment banks are taking part in an act of illegal appropriation.

Commercial Banks, Investment Banking and Securities Dealing, Investment Banking, Financial management, Executive changes & profiles, Public affairs, Crude Petroleum & Natural Gas, Security brokers and dealers, Natural gas liquids, Petroleum refining, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Oil & Gas Extraction, Oil and Gas Extraction, Ethics, Banking industry, Officials and employees, Mergers, acquisitions and divestments, Investment banks, Company acquisition/merger, International aspects, Ethical aspects, Public relations, Company public relations, Company financing, OAO NK Yukos, Petroleum and gas industry software, Subsidiaries, divisions and units, Syndicated loans, Yuganskneftegas, Bank Menatep

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Accountants hit a wall in probe of Gazprom

Article Abstract:

PriceWaterhouseCoopers stated in a preliminary report that it did not have enough information to know whether officials of Russia's OAO Gazprom have personally benefited from asset transfers and other dealings with Itera.

Asset sales & divestitures, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Reports, Accounting firms, Accounting services, PricewaterhouseCoopers L.L.P., Itera (Russia)

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Gazprom reports net profit in 2000 nearly doubled

Article Abstract:

OAO Gazprom said that its 2000 net income almost doubled to 60.75 billion rubles (2.43 billion euros). This was compared to 32.6 billion rubles in net income for 1999.

Sales, profits & dividends

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