Announcement • Mar 23
PJSC LUKOIL, Annual General Meeting, Apr 23, 2026 PJSC LUKOIL, Annual General Meeting, Apr 23, 2026. Announcement • Jan 29
The Carlyle Group Inc. (NasdaqGS:CG) signed a agreement to acquire LUKOIL International GmbH from PJSC LUKOIL (MISX:LKOH) for estimated $22.0 billion. The Carlyle Group Inc. (NasdaqGS:CG) signed a agreement to acquire LUKOIL International GmbH from PJSC LUKOIL (MISX:LKOH) for estimated $22.0 billion on January 29, 2026. The valuation is based on industry speculation as reported by StratNews Global. A cash consideration of $22 billion will be paid by The Carlyle Group Inc. As part of consideration, $22 billion is paid towards common equity of LUKOIL International GmbH. The transaction does not include the assets in Kazakhstan which will remain to be owned by LUKOIL Group and continue their operations under respective license. LUKOIL also continues negotiations with other potential purchasers.
The agreement signed is not exclusive for LUKOIL and is subject to some conditions precedent such as procurement of necessary regulatory approvals including permission of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for the transaction with Carlyle. The transaction also subject to consummation of due diligence investigation. Announcement • Nov 24
IHC Reportedly Expresses Interest to Buy Lukoil's Overseas Assets International Holding Company PJSC (ADX:IHC) has expressed interest in Russian oil group Lukoil's (MOEX: LKOH) overseas assets to the U.S. Treasury, Reuters reported, quoting IHC. The media have said Chevron Corp. (SPB: CVX) ExxonMobil (SPB: XOM), ADNOC and Carlyle Group are also interested in the assets. The United Kingdom imposed sanctions on Lukoil on October 15 as part of a major update to the Russian section of its sanctions list and set a deadline of November 29 for winding down all transactions with the company. The U.S. followed with sanctions of its own on October 22, issuing a license to wind down business with Lukoil by November 21. Shortly after this, Lukoil announced plans to sell its international assets. It later emerged that Lukoil had received and accepted an offer to buy its international arm, Lukoil International GmbH, from commodities trader Gunvor. The key terms of the deal were agreed by the parties, but they could not proceed because the U.S. Treasury Department said it would not issue Gunvor a license to do business while the conflict in Ukraine continued. In light of this, Gunvor withdrew its offer. Soon after, Lukoil said it was holding negotiations on the sale of its international assets with several potential buyers, and then the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) extended the deadline for completing transactions concerning the negotiation and entry into contracts for the sale of Lukoil International GmbH and related Lukoil assets until December 13. However, the execution of any such contract will be "expressly contingent upon the receipt of separate authorization from" OFAC, the agency said. 
