Bug can be closed... Turns out I forgot to reboot first after performing
all the upgrades on the old Xenial installation. After reboot, the
upgrade process to Bionic starts fine.
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Public bug reported:
During an attempt to upgrade from Ubuntu 16.04 LTS to 18.04 LTS, the
"do-release-upgrade" commands exits due to "an unresolvable problem
occured while calculating the upgrade".
Before the upgrade, I successfully executed apt-get update, apt-get
upgrade and apt-get dist-upgrad