Auri plans to sell subsidiaries to fund stock buybacks as it pivots to oil and gas

Auri Inc. plans to sell off its wholly owned subsidiaries, using the proceeds to fund a stock buy-back program. The move is part of a strategic pivot to focus exclusively on oil and gas operations, a shift that requires new leadership and carries significant execution and geopolitical risks.

The company is currently working with consultants to recruit a CEO with deep experience in oil and gas, as the current CEO transitions to managing art and entertainment at UITA. This leadership overhaul coincides with Auri’s renewed emphasis on energy, particularly in Moldova, where Chairman Edward Vakser and advisors plan to visit to support on-the-ground initiatives involving fracking and other drilling activities.

While the spin-off of non-core assets is expected to generate capital for shareholder returns via buybacks, the plan hinges on successfully installing new management. Until then, the company faces uncertainty—not only from the leadership gap but also from the inherent risks of operating in emerging energy markets. Moldova’s regulatory environment and regional stability add layers of complexity to Auri’s ambitions.

Planned activities in fracking and international energy development mark a sharp departure from Auri’s prior identity as a diversified holding company with interests in digital assets and media. The bet is that oil and gas, riding on surging market conditions, will deliver stronger returns. But the path forward depends on execution, expertise, and exposure to markets beyond the company’s current control.