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.
- On December 13, Austrian businessman Bernd Bergmair approached the U.S. Treasury about buying Lukoil assets, declining to specify which ones, Reuters reported.
- U.S. sanctions on Lukoil prompted the company to put foreign assets up for sale to pressure Moscow over the Ukraine war, prompting buyers including Exxon Mobil and Chevron to seek permission from U.S. authorities.
- Lukoil International GmbH in Vienna holds refineries in Europe, oilfield stakes in Kazakhstan, Uzbekistan, Iraq and Mexico, and hundreds of fuel stations valued at $22 billion.
- The U.S. Treasury has cleared discussions until December 13, but would have to approve any sale, setting a short window for buyers to negotiate with Lukoil.
- Bergmair, a former Goldman Sachs banker and ex-majority owner of MindGeek, is pursuing the assets; The Sunday Times Rich List 2021 valued his wealth at at least 1.2 billion, and he told Reuters he sees the holdings 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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