Carlyle (CG) is considering acquiring Lukoil’s foreign assets as the US blocks Lukoil from selling to Gunvor due to Ukraine war sanctions. Lukoil’s global portfolio, valued at $22 billion, includes refineries in Europe, oilfield stakes in Central Asia, the Middle East, and Africa, and hundreds of fuel stations worldwide. Carlyle is in early stages, considering a US license, with Lukoil aware of the interest. Sanctions have already affected Lukoil’s business, and Carlyle is assessing the deal’s viability. CG currently trades at $53.31 on NasdaqGS, down 3.2%.

Read more at Nasdaq: Carlyle Weighs Bid For Lukoil’s Overseas Assets Amid Sanctions Pressure