VILNIUS - In what can easily be considered the Baltic deal of the decade, Yukos International has agreed to sell its majority stake in Mazeikiu Nafta to Polands PKN Orlen for nearly $1.5 billion. As part of the agreement, Lithuanias government will sell an additional 30.66 percent to PKN Orlen for $851 million, which will constitute a windfall for the Baltic states budget.
The Baltic Times
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