Number of applications for LUKoil auction posted

Some four applications to participate in the auction on selling a 7.59-percent state stake in LUKoil were submitted, Alexey Knyazev, the head of the privatization department of the Russian Federal Property Fund, said. According to him, one application was declined because the applicant did not transfer the advance payment. Answering the question of RBC who the fourth applicant was, Knyazev said this was Ludmila Grossman, an individual.

As reported earlier, applicants had to pay RUR450m (about USD15.4m) in advance payment to take part in the auction.