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15 December 2004 15:00
British investors offer to buy out Russia's Yukos, settle its tax debts

A group of British investors has confirmed its willingness to buy Yukos shares owned by Mikhail Khodorkovskiy and his partners, and to provide the company in this event with the financial resources which would make it possible to settle its tax liabilities.
The offer is contained in a letter sent to chairman of the Yukos board of directors Viktor Gerashchenko on 13 December by George Miller, head of the British company International Waste Management Systems PLC, who heads the consortium set up by the investors.
The consortium of private investors is based in the UK and was set up by a former Yukos minority shareholder Konstantin Kagalovskiy.
The letter, seen by Prime-TASS, says the consortium would like to start consultations with Yukos specialists to clarify the outstanding debt and other technical matters connected with its repayment.

Source: ITAR-TASS news agency, Moscow
BBC Monitoring


[BBC Monitoring]
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