US EditionFormer Pornhub owner interested in Lukoil assets: Reuters
Bernd Bergmair aims to acquire $22 billion in Lukoil's foreign assets amid U.S. sanctions, with approval required by December 13, sources said.
- Last month, Austrian businessman Bernd Bergmair approached the U.S. Treasury about buying Lukoil assets but declined to specify which ones, Reuters reported.
- Sanctions led Lukoil to announce foreign asset sales, prompting parties including Bergmair to seek U.S. approval for deals, the Treasury has only cleared discussions until December 13.
- The package includes refineries, oilfield stakes in Kazakhstan, Uzbekistan, Iraq, Mexico, and hundreds of fuel stations, valued at $22 billion based on 2024 filings.
- Cleared until December 13, the Treasury's temporary permission gives bidders a narrow timeframe to negotiate and requires approval for any deals.
- Bergmair, a former Goldman Sachs banker and ex-majority owner of MindGeek, was estimated by The Sunday Times Rich List 2021 at at least 1.2 billion and views the assets as attractive.
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"It is clear that Lukoil International GmbH represents an excellent investment and everyone would be pleased to have the opportunity to hold these assets," Bergmayr said. He added: "I do not comment on possible transactions."By his lawyer, Bergmayr refused to clarify his interests, whether he holds direct negotiations with Lukoil or acts as part of an investment group.Bergmayr Bergmayr's professional course worked as a banker's investment at Gol…
The United States has imposed sanctions on Lukoil, Russia's largest private oil producer, as part of pressure on Moscow to end the war in Ukraine. The sanctions have forced Lukoil to announce the sale of its foreign assets, and several potential buyers have asked U.S. authorities for permission to talk to the company — including oil giants Exxon Mobil and Chevron. Through his lawyer, Bergmair would not say which Lukoil businesses he had his eye …
It is not yet known what it will buy from Lukoil, nor whether it plans to make the purchase alone or as part of a consortium.
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