. Last Updated: 07/27/2016

Rosneft Still After Assets Lost in Sale

Rosneft still wants to buy Yukos' Moscow property, headquarters and trading houses that a rival bidder won for $3.9 billion in a bankruptcy auction last week.

The trading houses hold inventories and agreements with Yukos units that Rosneft bought earlier this year and management systems used to run the refineries and retail businesses, vice president Peter O'Brien said Wednesday.

Rosneft bought Yukos' largest production unit at a $9.3 billion government-run sale in 2004 and its remaining production units and refineries for $13 billion this year.

"These assets do have value and are still potentially of interest to us," O'Brien said. The assets also include the trading unit's cash and receivables and Yukos' headquarters and several "large, attractive" buildings in Moscow, he said.

Prana has not been cleared by competition authorities to buy the assets, said Yelena Nagaichuk, a spokeswoman for the Federal Anti-Monopoly Service. Prana, whose owners have not been publicly disclosed, beat Rosneft at the May 11 auction with a bid of 100 billion rubles ($3.9 billion), more than 4 1/2 times the starting price.

Prana, which signed a purchase agreement with Yukos on Wednesday, needs the regulator's permission to take possession of the assets, said Nikolai Lashkevich, a spokesman for Yukos' bankruptcy manager. The regulator refused to clear the winner of a previous auction for Yukos' southern power assets and an oil and gas exploration venture. Rosneft now has the right of first refusal to buy those assets, he said.

Gazprom is not affiliated with Prana and did not have Prana bid on its behalf, spokesman Sergei Kupriyanov said in a response to media questions.