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. Last Updated: 07/27/2016

Rosneft Bids Again for Yukos Assets

Oil producer Rosneft offered to buy Yukos' assets in southern Russia for 4.9 billion rubles ($190 million) after regulators blocked the winner of a May auction from acquiring them, Rosneft spokesman Nikolai Manvelov said Thursday.

Rosneft made the offer for Yukos' stakes in regional power utilities and an oil and gas exploration unit on June 9 and is waiting for an answer, Manvelov said. Yukos' bankruptcy manager must reply to Rosneft's offer within 10 days, he said.

As the second-highest bidder in the May 3 bankruptcy auction, Rosneft was given another chance to buy the assets when anti-monopoly authorities refused to allow the winner, Promregion Holding, to buy more power units in the region.

The assets include Yukos' half of Caspian Oil, an exploration venture with LUKoil, and Yukos' 27 percent stake in the Kuban generating, grid and sales units.