17 June 2004 08:22
Yukos seeks advice on how to end its plight
MOSCOW. June 17 (Interfax) - The chief executive of the Russian oil company Yukos, Simon Kukes, in a letter published
by Yukos on Thursday, asked the head of the Sputnik group, Boris Jordan, for a meeting to discuss the current situation
surrounding Yukos, which has said it may go bankrupt in 2004.
"The interests of the more than 60,000 shareholders are one of the
most important priorities of the Yukos management in the current
"As always, the Yukos management would be glad to meet with you as a minority shareholder, and, if you represent
the interests of other minority shareholders, to hear your thoughts and the thoughts of other minority shareholders
about the Yukos situation," Kukes said in his letter.
situation. I expect to meet with you to discuss these matters," he said.
A Yukos source told Interfax it had not yet been decided when Kukes and Jordan would meet.
It had restored the Sidanco oil company, which had been threatened
with bankruptcy, and had carried through a complete financial and
Earlier, Jordan, in a letter to Yukos minority shareholders, offered to mediate in the conflict between Yukos and the
government.
"Today's management, appointed by principal shareholders in the company, continues to represent their
interests, which seriously differ from the interests of the entire company and the rest of the shareholders,"
Jordan was quoted as saying in his letter.
Yukos said this might cause it to go bankrupt in 2004 as it would
be unable to raise any money by property sales as a preceding court
He said Sputnik had already resolved two major corporate conflicts.
managerial reorganization of NTV television and Gazprom-Media, the media arm of Russian natural gas monopoly Gazprom,
he said.
In response to a suit from the Tax Ministry, the Moscow Arbitration Court ordered Yukos to pay 99.4 billion rubles
($3.4 billion) as unpaid profit tax for 2000. The sum included interest and fines.
ruling forbade it to sell any of its property. [RU EUROPE EEU EMRG OIL CRU PROD ELG ENR CRIM POL PUB] as tj
[Interfax] |
RUSSIA IN FACTS
