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Taking a shine to Yukos?: The stricken company's boss claims a White Knight investor has offered to bail out the company.

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White knight 'to bail out Yukos'

A mystery investor has emerged who has offered to pay off Yukos's debts and to become an owner of the stricken Russian oil company, Yukos chairman Viktor Gerashchenko was quoted as saying.

"I was told that an organisation is ready to repay Yukos's debts and become the company's owner," Gerashchenko reportedly told a Russian radio station, the MosNews news service reported.

Gerashchenko also said "special conditions" had to be created so Yukos's other stakeholders and regulatory officials would agree to the bailout, the service reported.

Yukos shares soared on news of the possible rescue bid.

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