Russian daily Vedomosty reports, that today’s decision of New York court might clear the way for Yukos to sell foreign assets. In case of a positive decision, the chances of PKN Orlen, who filed the highest bid for Mazeikiu refinery, could significantly increase. The press speculates, that in case of a positive decision, the deal could go through even next week.
Although we still see lot of uncertainties regarding Mazeikiu selloff, market might restart speculating on it today. PKN’s offered US$ 2.5bn for the company is reasonable, we believe.