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India, Russia in deal paving way for Rosneft-led group to acquire Essar Oil

Reuters  |  GOA, India 

GOA, (Reuters) - and on Saturday signed a to pave the way for a group led by Russian oil major to acquire India's Essar Oil.

The group will acquire in a worth $12 billion to $13 billion, including debt, two sources privy to the told Reuters.

Russian lender VTB will give Essar $3.9 billion in credit for debt reconstruction, VTB Chief Executive Andrei Kostin said on Saturday.

(Reporting by Douglas Busvine; Writing by Euan Rocha; Editing by Clarence Fernandez)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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India, Russia in deal paving way for Rosneft-led group to acquire Essar Oil

GOA, India (Reuters) - India and Russia on Saturday signed a deal to pave the way for a group led by Russian oil major Rosneft to acquire India's Essar Oil.

GOA, (Reuters) - and on Saturday signed a to pave the way for a group led by Russian oil major to acquire India's Essar Oil.

The group will acquire in a worth $12 billion to $13 billion, including debt, two sources privy to the told Reuters.

Russian lender VTB will give Essar $3.9 billion in credit for debt reconstruction, VTB Chief Executive Andrei Kostin said on Saturday.

(Reporting by Douglas Busvine; Writing by Euan Rocha; Editing by Clarence Fernandez)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

India, Russia in deal paving way for Rosneft-led group to acquire Essar Oil

GOA, (Reuters) - and on Saturday signed a to pave the way for a group led by Russian oil major to acquire India's Essar Oil.

The group will acquire in a worth $12 billion to $13 billion, including debt, two sources privy to the told Reuters.

Russian lender VTB will give Essar $3.9 billion in credit for debt reconstruction, VTB Chief Executive Andrei Kostin said on Saturday.

(Reporting by Douglas Busvine; Writing by Euan Rocha; Editing by Clarence Fernandez)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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