Carlyle Group Agrees to Buy Most of Lukoil’s Foreign Assets

Russia’s Lukoil PJSC agreed to sell most of its international assets to private equity giant Carlyle Group, three months after being hit by US sanctions.

The deal doesn’t include assets in Kazakhstan, the oil producer said Thursday in a statement, without disclosing financial terms. The transaction is subject to regulatory approvals and talks with other potential buyers continue, it said.