Last assets of Yukos bought by littke-known company

The last remaining assets and its headquarters building of bunkrupt Yukos were bought by a little known Russian company Paran on Friday for 110.092 billion rubles (US$3.87 billion, EUR2.8 billion).

The company outbid state-controlled oil company HSC Rosneft in an auction that stretched more than 2 1-2 hours and exceeded the opening price by more than fourfold.

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Author`s name Angela Antonova