The assets of Russia’s Yukos oil company will be sold at an auction on March 27.


Yukos’s 9.4% stake in OAO Rosneft will be offered March 27 in a single lot, along with promissory notes issued by its former unit OAO Yuganskneftegaz.

Officials say the starting price will be $7.3 billion - or about 20 percent of its market value.

Yukos was Russia’s largest oil producer until founder and CEO Mikhail Khodorkovsky was arrested on fraud charges in 2003.

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