Consortium led by Boehly preparing securities swap deal for Lukoil assets — Reuters
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A consortium led by Boehly is preparing a securities swap deal involving Lukoil assets. An unnamed bank acting for the group bought frozen Lukoil securities from Western investors. These securities will be exchanged for assets held by the company abroad.
According to the sources, an unnamed bank acting on behalf of the consortium has purchased frozen Lukoil securities from Western investors to subsequently exchange them for the company’s foreign assets