Exclusive-Saudi-backed Midad signs term sheet with Lukoil for sanctioned assets, pending approvals
By Jarrett Renshaw and Dmitry Zhdannikov Feb 12 (Reuters) - Saudi-backed Midad Energy has signed a term sheet to acquire Russia’s sanctioned Lukoil assets in a high-stakes contest against rivals including private equity giant Carlyle Group, with the deal contingent on U.S. regulatory approval,