Mystery Investor Offers to Cover All Yukos Debts — Board Chairman

July 28, 2006 MosNews
Mystery investor has offered to Yukos owners to pay the debts of the oil company and to become its owner. This information was announced by Viktor Gerashchenko, the chairman of the embattled company, on air at Echo of Moscow radio statio on Thursday, July 27.

Gerashchenko added that special conditions have to be created so that Yukos’ main owners agree to this offer and so that authorities understand that this is a best solution.

Meanwhile on Thursday the price of Yukos shares fully recovered their losses that were incurred on Tuesday and Wednesday after the creditors decided to bankrupt the oil company. The price of securities has risen back to 20 rubles.

Company — YUKOS
  • Full name
    YUKOS Oil Company
  • Industry
    Oil and gas