"The Ministry of Justice does not possess for now an official report about pricing the said securities," the ministerial Public Relations Center says in a statement. It was issued as media outlets have been lately circulating information about the prices of Yukos-held Yugansk securities, arrested on a fiscal arrears final process.
The Dresdner Kleinwort Wasserstein transnational investment bank is presently evaluating Yuganskneftegaz assets.
The DKW has priced Yugansk at $15-17 billion, the Moscow-based daily Vedomosti said, September 23, with reference to an informant close to the Yukos.
The Yugansk stock has been under arrest since July 14, and is being prepared for auction to cover the mother company's back taxes for 2000. The Moscow Arbitration Court found the arrest illegal, August 6. Despite that, bailiffs again arrested the stock late in the same afternoon.
Arrested property is sold off within two months since its arrest, says the law, On the Final Process, Clause 54. October 6 is deadline for the Yugansk stock.
According to judicial and other law administering practice, the deadline envisaged by the clause shall not be regarded as final-if objective developments prevent sale within the said time limits, the property may be sold later on, the Justice Ministry points out in its press release.
