Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company's tax arrears.
The auction will offer a 100% stake in the Energoservisnaya Company, 100% stake in Eskom Energo-Trade, 3.18% interest in Territorial Generating Company No. 4, 25.15% in the Tambov Trunk Grid Company, 25.15% in the Tambov Electricity Sale Company, 25.15% in Tambovenergo, 25% in the Belgorod Trunk Grid Company, 25% in the Belgorod Energy Sales Company, 25.73% in Belgorodenergo, and 25% in Corporate Service Systems, the fund said.
The initial lot price is 2.64 billion rubles (about $102.2 million), with the bid increment of 26.39 million rubles (about $1.02 million). Bidders must deposit 527.79 million rubles (about $20.5 million) for the auction, the fund said.
The first auction held March 27 to sell Yukos's 9.44% stake in state-run oil producer Rosneft was won by Rosneft's subsidiary RN-Razvitiye, which offered 197.84 billion rubles for the lot (about $7.6 billion), compared with the lot's initial price of slightly over 195.5 billion rubles (about $7.5 billion). Only Rosneft and TNK-BP participated in the first auction, the auction commission said earlier.
The second auction to sell a 20% stake in Gazprom Neft was won by a subsidiary of Italy's energy company Eni, which offered 151.53 billion rubles ($5.83 billion) compared with the lot's initial price of 144.77 billion rubles (about $5.57 billion). However, the Russian energy giant Gazprom will acquire the second lot of Yukos assets under a call-option agreement signed with leading Italian energy companies Eni and Enel.
The third auction, including Yukos's research and development assets, was called off due to a lack of bids, the fund said.
Yukos, whose founder Mikhail Khodorkovsky is serving an eight-year prison term in Siberia after being convicted of fraud in May 2005, faces a total of more than 700 billion rubles (about $26.9 billion) in claims from creditors.
