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Prospect News home > News index > List of issuers L > Headlines for Lukoil OAO > News item
Published on 9/29/2010 in the Prospect News Convertibles Daily.

Russia's Lukoil unit pays $980 million for UniCredit's exchangeables

By Susanna Moon

Chicago, Sept. 29 - Lukoil OAO said its wholly owned indirect subsidiary, Lukoil Finance Ltd., acquired exchangeable notes on Sept. 28 issued by UniCredit Bank AG.

The company paid $980 million for the notes, which are exchangeable under some circumstances into 17.5 million American Depositary Receipts.

Lukoil is a Moscow-based oil and energy company. Unicredit Bank is based in Munich.


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