Carlyle Group Says Deal to Buy Lukoil Assets Expired
The Carlyle Group (CG) announced that its agreement to acquire most of Russian oil company Lukoil's international assets has expired, according to a Bloomberg report. The deal was initially reached earlier this year but lapsed over the summer without being finalized. Carlyle is no longer actively pursuing the acquisition as per their latest statement. This development comes amid ongoing geopolitical and economic uncertainties affecting major cross-border deals involving Russian companies post-sanctions era. The expiration of the agreement could impact Carlyle's portfolio diversification strategy in energy assets, while Lukoil may now seek alternative buyers or strategic partners for its international operations.
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