16 June 2004 08:32
Menatep offers to be guarantor of some Yukos tax arrears
MOSCOW. June 16 (Interfax) - Group Menatep Ltd, the largest shareholder in Yukos oil company, has announced it is
ready to offer the government proportional guarantees on the payment of Yukos tax arrears.
Yukos chief executive Simon Kukes late last week asked principal Yukos shareholders for such guarantees.
Yukos petroleum company shareholders - to offer creditors their
guarantees for a sum that exceeds the arrears by a minimum of 20%,"
"In case a situation arises where the company is unable to pay the Ministry of Taxes and Levies the tax sum set
by the Arbitration Court, and it has been impossible to reach an agreement on installment payment and debt
restructuring, current legislation allows 'debt participants' -
Kukes said in a letter to shareholders. [RU EUROPE EEU EMRG LAW OIL CRU PROD ELG ENR] as tl
[Interfax] |
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