Lukoil Favors Cashless Bid From Xtellus Partners, Reuters Says, Citing Sources

Dow Jones2025-12-11

--Sanctioned Russian oil company Lukoil favors a cashless bid from Xtellus Partners' for its global assets, Reuters reports, citing unnamed sources.

--Xtellus has offered to organize a deal that would swap Lukoil securities held by U.S. investors in a cashless deal to return them to Lukoil in exchange for the Russian company's global assets, Reuters reports.

--Xtellus declined to comment while Lukoil didn't respond to a request for comment, according to Reuters.

Full story: https://shorturl.at/W3PGc

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

December 11, 2025 10:03 ET (15:03 GMT)

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