Boehly bid for Lukoil's overseas assets draws US and Gulf backing
Billionaire Todd Boehly has reportedly won US government and Gulf backing for a bid for Lukoil's international assets, with a US development finance body set to take a minority stake.
Billionaire investor Todd Boehly has secured support from the United States government and Gulf financiers with ties to the Trump family for a bid to acquire the international assets of Russian oil major Lukoil, according to a report published on Tuesday.
The US International Development Finance Corporation is expected to take a mid-teens equity stake in the new company that would hold the assets, the report said.
The involvement of a US government development finance institution would mark an unusual state-linked role in a transaction involving the overseas holdings of a Russian energy producer. The Gulf backers cited in the report are described as power brokers with connections to the Trump family.
The reported backing, if confirmed, would give the Boehly-led effort significant financial and political weight as it pursues Lukoil's operations outside Russia. The assets in question are the company's international portfolio, rather than its domestic Russian business.
Details of the bid's structure, its value and the timeline for any transaction were not immediately available, and the report could not be independently verified.