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. Last Updated: 07/27/2016

2 More Yukos Sell-Off Dates Set

With the sale of Yukos' remaining assets set to begin Tuesday, the Federal Property Fund announced two more stakes due to be auctioned off next month.

Yukos' 7.69 percent stake in VTB Bank Deutschland will be auctioned off on April 25 with a starting price of $8.9 million, the fund said in an announcement in official newspaper Rossiiskaya Gazeta.

An almost 2 percent stake in Khanty-Mansiisk Bank will be sold off the next day with a starting price of $6.3 million, it said.

Tuesday's sale, which includes Yukos' 9.44 stake in state-controlled Rosneft, opens a second round of auctions that will mark the finale for the former empire of jailed oil magnate Mikhail Khodorkovsky.

Also Monday, Vedomosti reported that Novatek, the country's largest independent gas producer, may bid for three Yukos gas assets in an auction set for April 4. Novatek is considering bidding for gas production units Arcticgaz and Urengoil, as well as Yukos' 20 percent stake in Gazprom Neft, the paper said, citing undisclosed investment bankers close to Novatek. Gazprom bought a 19.4 percent stake in Novatek last September.

Rosneft and Gazprom are expected to emerge the winners of the auctions, which will sell off a total of 193 assets in the bankrupt oil company to recover more than $26 billion in back taxes.