Consortium led by Boehly preparing securities swap deal for Lukoil assets — Reuters

AI Summary

A consortium led by Todd Boehly is preparing a securities-swap transaction involving Lukoil’s foreign assets, according to Reuters sources cited by TASS. An unnamed bank acting for the consortium has reportedly bought frozen Lukoil securities from Western investors to exchange them for the assets.

According to the sources, an unnamed bank acting on behalf of the consortium has purchased frozen Lukoil securities from Western investors to subsequently exchange them for the company’s foreign assets