A subsidiary of the state-controlled Russian oil company Rosneft on Tuesday bought at auction a 9.44% share in Rosneft that had been owned by the bankrupt oil giant OAO Yukos.
The hammer price was 197.8 billion rubles ($7.6 billion). The bidding went through 10 steps before the RN-Razvitiye company won the auction.
The other bidder was TNK-BP, a joint venture including Britain's BP.
Yukos once was the biggest oil producer in Russia, but the company was driven into bankruptcy after the politically charged arrest of its head, Mikhail Khodorkovsky, and the levying of billions of dollars in back-tax bills.