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Menatep Ready to Stabilize Yukos

A consortium of investors led by Menatep Group proposed to pay off..

Menatep Ready to Stabilize Yukos

A consortium of investors led by Menatep Group proposed to pay off up to $10 billion in Yukos tax debts and buy out the group's majority stake in the company.

They proposed it to Russia?s President Vladimir Putin, in a letter.

"The group of investors is ready to buy a controlling stake in Yukos and make maximum efforts to stabilize and ensure the development of the oil company," a one of investors said.

"We are ready to fully cover the debts of Yukos and the loss Khodorkovsky is alleged to have caused the state," Kagalovsky said by telephone from London.


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