Russian oil group Yukos said on Tuesday it has bid for a further 12.9 percent stake in Anglo-Norwegian engineering group Kvaerner, which would make it the biggest shareholder with 25 percent. The company said in a statement that the shares would be purchased at 15 Norwegian crowns per share. Kvaerner shares closed on Tuesday at 14.50 crowns. "Yukos would actively consider purchasing Kvaerner's Hydrocarbons subsidiary and the Process Technology business of Kvaerner's Engineering and Construction division," the Yukos CEO said in a statement. "Any new issue of shares should also be considered together with other options for the continued financial viability of Kvaerner," he added. Kvaerner, struggling to avert bankruptcy, is trying to raise two billion Norwegian crowns ($227.9 million) through a share issue. Earlier on Tuesday, Kvaerner said it would elect a new board next month after Yukos requested a place on the board, the Russia Journal wrote.
What is troubling is that Western analysts do not understand why Trump came to power, and why Putin can still retains it
Acting Russian President Vladimir Putin is winning the presidential election in the country in a landslide victory