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. Last Updated: 07/27/2016

Foreigners Can Bid

MOSCOW -- Foreign investors are welcome to bid in the commercial tender with investment conditions on a 9 percent stake in Russian oil major LUKoil, Interfax reported.

Citing the official terms of the tender, published in Reforma, the bulletin of the State Property Fund, Interfax said no restrictions were placed on bids from foreign investors or resident companies formed by nonresident individuals and companies.

The deadline for bidding is Oct. 26. The winner will be announced on Oct. 29. The asking price is $200 million, Interfax said.