Market Chatter: Carlyle Withdraws From Lukoil International Asset Sale

MT Newswires Live
3 hours ago

Carlyle (CG) is no longer actively pursuing a deal to acquire the international assets of Russian oil producer Lukoil, Reuters reported Friday, citing a Carlyle spokesperson.

According to the report, Carlyle agreed in January to acquire Lukoil's international assets, excluding those in Kazakhstan, and explored partnering with Abu Dhabi-based funds Mubadala, XRG and IHC, along with the US Development Finance Corporation.

The $22 billion portfolio was put up for sale following US sanctions on Russia, attracting interest from Exxon Mobil (XOM) and at least a dozen other potential buyers, Reuters added.

Carlyle did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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