Lukoil, Russia’s second-largest oil producer, has agreed to sell most of its international assets to Swiss commodity trader Gunvor after the US imposed sanctions on the company last week.
Lukoil said on Thursday it had accepted an offer from Gunvor for Lukoil International, the subsidiary which owns the group’s foreign assets, and had agreed not to negotiate with other buyers. It did not disclose the price.
The deal would include most of Lukoil’s operations outside Russia, which employ about 15,000 people, including businesses in the US, Belgium and the Netherlands, according to a person familiar with the matter.
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