Representatives of Mr. Lynn and other, unnamed investors last week asked Church's to meet with them to discuss a possible takeover.

Those meetings also approved issuing huge quantities of shares to unnamed investors in return for promissory notes issued by other Yukos subsidiaries.

The sale never happened, however, because the company's CEO secured sufficient funding from unnamed investors.

The project is financed by American Consumer Industries, an investment holding company with no connection to any existing power company, and other unnamed private investors.

The third unnamed investor has been rumored to be Theodore Field, owner of Interscope Group, a Los Angeles-based company.

Mr. Putschek represents the unnamed investors on the board.

It is now scrambling to complete a deal with unnamed investors.

The company was sold to an unnamed Swiss investor in 2000; Kamen remained with the company as an advisor.

In 2009 it was reported that the unnamed investors represented by Joorabchian were understood to own the economic rights to 60 or 70 players across Europe and South America.

The shares will be sold by direct placement with unnamed investors who will be selected on the basis of bids, the Finance Ministry said.