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FACTBOX: What is known about Lukoil's agreement with Carlyle to sell its foreign assets
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TASS
Lukoil has reached an agreement with American investment company Carlyle to sell Lukoil International GmbH, which owns its foreign assets, Russia’s oil major announced.
- Lukoil has reached an agreement with Carlyle on the sale of Lukoil International GmbH.
- The agreement signed is subject to some precedent conditions, including obtaining necessary regulatory approvals, including permission of the US Department of the Treasury's Office of Foreign Assets Control (OFAC) for the transaction with Carlyle.
- The company recalled that the sale of Lukoil International is related to the introduction of restrictive measures by certain states against Lukoil and its subsidiaries.
- After that the company announced its intention to sell its international assets and cited Gunvor's offer to purchase Lukoil International GmbH.