10 June 2004 12:28
Prominent businessman offers to mediate between Yukos, Russian authorities
[Presenter] Yukos may go bankrupt in two or three months, a company representative has told Interfax.
It became known today that president of the Sputnik investment fund Boris Jordan is willing to take part in the
settlement of the Yukos situation. In a letter to minority shareholders, he said he wanted to act as a mediator in the
talks with the Russian authorities. An agreement between Yukos and the country's leadership should be based on
several principles; in particular, according to Jordan, the possibility of changes in the company management should be
looked at. Moreover, minority shareholders have to be represented on the board of directors.
The main goal of minority shareholders in Yukos is to prevent the company's bankruptcy, Sputnik company press
secretary Oleg Sapozhnikov has told our radio station.
[Sapozhnikov] The Sputnik group has indeed written to other minority shareholders with a proposal to draw up a common
position on the Yukos situation.
The Yukos company is in danger of bankruptcy. In the event of bankruptcy, minority shareholders are the first to
suffer. It should be avoided.
The gist of our proposal to other minority shareholders is that, having formulated a common position, we should pose
a number of questions to the company and its management, and press for answers.
A Yukos bankruptcy would be not just the bankruptcy of one company, it would be a huge blow to the whole investment
climate in Russia.
[Presenter] Sapozhnikov added that Sputnik's proposals had not yet been discussed with any officials.
[Ekho Moskvy radio] |
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