Energy And Mergers News

US Government and Gulf Allies Back Boehly Bid to Outbid Carlyle for Lukoil Assets

Todd Boehly has assembled a consortium including the US International Development Finance Corporation and Gulf billionaires to bid for Lukoil’s international assets, challenging the stalled deal with Carlyle Group. The assets, valued at $20 billion, include refineries in Europe and oil fields in Central Asia. The move raises questions about conflicts of interest as the US government simultaneously bids for and approves the sale.