Mergers & AcquisitionsMedium•9 October 2026•
1 min read
Carlyle Group Withdraws from Bid for Lukoil International Assets
Key Facts
1US private equity firm Carlyle Group has ceased its pursuit of acquiring the international assets of Russia's Lukoil.
US private equity firm Carlyle Group has ceased its pursuit of acquiring the international assets of Russia's Lukoil. Reuters reported that the firm has officially dropped out of the race to acquire the international business units of Russia's second-largest oil producer.
The withdrawal occurs as deals involving major Russian energy entities face ongoing geopolitical constraints. Carlyle Group did not provide a specific reason for ending the pursuit of the transaction, which involved complex international assets belonging to the systemic energy firm.