ALSO READRussia's VTB head: Rosneft-Essar deal not subject to sanctions VTB to open $3.9 billion credit line for Essar Oil - CEO Russia's Rosneft to close Essar Oil, Vadinar refinery purchase Rosneft, partners to invest around $12.9 billion in Essar Oil - CEO Deal with Rosneft is U.S. sanctions-compliant, says Essar Group CEO
MOSCOW (Reuters) - The acquisition of Indian refiner Essar Oil, led by Russian oil company Rosneft, is set to be completed "in the nearest future, this month", VTB Chief Executive Andrei Kostin told Reuters on Thursday.
Rosneft will acquire a 49 percent stake in Essar and another 49 percent will be shared between commodities trader Trafigura and Russian private investment group United Capital Partners. VTB is involved in the financing of the deal.
Two Russian sources close to the deal told Reuters last month that the deal was set to be completed on March 15.
(Reporting by Denis Pinchuk,; writing by Katya Golubkova,; editing by Dasha Afanasieva)
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