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Russian firms, Trafigura to buy India's Essar Oil for $12-$13 billion - sources

Reuters  |  NEW DELHI 

(Reuters) - Russian major Rosneft, along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's for about $12-$13 billion, two sources with direct knowledge of the deal told Reuters on Thursday.

will get 49 percent and the two investors - Trafigura and UCP - will hold the remaining 49 percent in equal parts, the sources said.

(Reporting by Nidhi Verma; Editing by Douglas Busvine)

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

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Russian firms, Trafigura to buy India's Essar Oil for $12-$13 billion - sources

NEW DELHI (Reuters) - Russian oil major Rosneft, along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil for about $12-$13 billion, two sources with direct knowledge of the deal told Reuters on Thursday.

(Reuters) - Russian major Rosneft, along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's for about $12-$13 billion, two sources with direct knowledge of the deal told Reuters on Thursday.

will get 49 percent and the two investors - Trafigura and UCP - will hold the remaining 49 percent in equal parts, the sources said.

(Reporting by Nidhi Verma; Editing by Douglas Busvine)

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

image
Business Standard
177 22

Russian firms, Trafigura to buy India's Essar Oil for $12-$13 billion - sources

(Reuters) - Russian major Rosneft, along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's for about $12-$13 billion, two sources with direct knowledge of the deal told Reuters on Thursday.

will get 49 percent and the two investors - Trafigura and UCP - will hold the remaining 49 percent in equal parts, the sources said.

(Reporting by Nidhi Verma; Editing by Douglas Busvine)

(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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