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.
Neft-Aktiv, the auction winner, vied for Yukos' oil extracting, oil and gas refining, research and maintenance assets in the Samara region along with Versar. The initial lot price was 154 billion rubles (about $5.99 billion), with a bid increment of 260 million rubles (about $10.1 million), the auction commission said.
Yukos has secured 690 billion rubles (about $26.8 billion) from its assets sold in eleven lots at auctions against its liabilities of 709 billion rubles (about $27.6 billion), the press secretary for the Yukos bankruptcy manager said.
"Considering two forthcoming auctions for lot No. 12 to be held today and lot No. 13 to be held Friday, with an estimated sum of 30 billion rubles (about $1.1 billion), all of the creditors' claims will be met in full," Nikolai Lashkevich said.
