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VTB says Rosneft-led deal to acquire Essar to be completed this month

Reuters  |  MOSCOW 

MOSCOW (Reuters) - The of Indian refiner Oil, led by Russian company Rosneft, is set to be completed "in the nearest future, this month", Chief Executive Andrei Kostin told on Thursday.

Rosneft will acquire a 49 percent stake in and another 49 percent will be shared between commodities trader Trafigura and Russian private investment group United Capital Partners. is involved in the financing of the deal.

Two Russian sources close to the deal told 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)

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

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VTB says Rosneft-led deal to acquire Essar to be completed this month

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.

MOSCOW (Reuters) - The of Indian refiner Oil, led by Russian company Rosneft, is set to be completed "in the nearest future, this month", Chief Executive Andrei Kostin told on Thursday.

Rosneft will acquire a 49 percent stake in and another 49 percent will be shared between commodities trader Trafigura and Russian private investment group United Capital Partners. is involved in the financing of the deal.

Two Russian sources close to the deal told 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)

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

image
Business Standard
177 22

VTB says Rosneft-led deal to acquire Essar to be completed this month

MOSCOW (Reuters) - The of Indian refiner Oil, led by Russian company Rosneft, is set to be completed "in the nearest future, this month", Chief Executive Andrei Kostin told on Thursday.

Rosneft will acquire a 49 percent stake in and another 49 percent will be shared between commodities trader Trafigura and Russian private investment group United Capital Partners. is involved in the financing of the deal.

Two Russian sources close to the deal told 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)

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

image
Business Standard
177 22