U.S. Billionaire Leads Swap Plan to Buy Lukoil’s Overseas Assets, Sources Say
- Todd Boehly’s consortium is leading a bid for Lukoil’s overseas assets.
- The plan swaps frozen securities for oilfields, refineries and petrol stations.
- The portfolio was initially valued at $22 billion, but some assets have stalled.
A consortium led by US billionaire Todd Boehly is preparing to acquire Lukoil’s overseas oil and fuel assets through a swap of frozen securities, with a deal expected within weeks, according to people familiar with the process. If completed, it would end a sale effort lasting more than…