Private equity giant Carlyle, a consortium of Chevron and Quantum Capital Group, and UAE-based International Holding Company (IHC) are reportedly leading the race to acquire the global assets of Russia’s Lukoil, according to a report by Reuters citing unnamed industry sources.
The US imposed sanctions on Lukoil and Rosneft in October to pressure the Kremlin over Ukraine and has set a 17 January deadline for the company to divest its international portfolio, valued at approximately $22bn. The ass...
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