MOSCOW, May 28 (RIA Novosti) - The Russian competition regulator allowed Monday the obscure company Prana to buy the Moscow headquarters of Yukos and its research assets, auctioned off earlier this month for nearly $4 billion.
After outbidding a subsidiary of the state-owned oil giant Rosneft in a May 11 auction by raising the initial price by more than 300%, Prana received a requirement from the Federal Anti-Monopoly Service to disclose its beneficiaries and sources for the acquisition. Had it failed to do so, other participants who would pay its bid would have acquired the lot.
Three days after the required disclosures made on Friday, the regulator said on its Web site that Prana's acquisition of the advanced 22-story 29,000-square-meter (87,000-square-foot) building in downtown Moscow and of a host of research assets of the bankrupt Yukos oil company would not affect competition and was therefore allowed.
