Carlyle drops out of race for Lukoil international assets

Impact · against what's priced in

Carlyle Group's withdrawal from the bid for Lukoil's international assets is a minor negative for CG as it removes a potential growth catalyst. For Lukoil, the loss of a major US private equity bidder reduces the immediate likelihood of a high-valuation exit for those specific assets.

LKOH−0.20

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In context

The exit of a major US private equity bidder like Carlyle reduces the competitive tension and the probability of achieving a high-multiple sale for Lukoil's international assets.

Read from the article alone

• oil
• energy
• m and a
• CG
• carlyle group
• lukoil
• private equity
• russia

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