ALSO READRosneft, others to buy Essar Oil in $13 bn deal Russian firms, Trafigura to buy India's Essar Oil for $12-$13 billion - sources Ruias to seal deal to sell Essar Oil to Rosneft this weekend Rosneft-led group to buy India refiner Essar for $12-$13 bln, sources say Rosneft-led group to buy India refiner Essar for $12-$13 billion, sources say
A group led by Russian oil major Rosneft will acquire India's Essar Oil in a $12 to $13 billion deal including debt, two sources privy to the deal told Reuters.
Essar is expected to announce the deal on Saturday in the coastal resort of Goa during a visit by Russian President Vladimir Putin, who will meet Indian Prime Minister Narendra Modi for a bilateral summit.
"This (deal) is the biggest investment in the history of India," Kostin said.
(Reporting by Denis Pinchuk; Writing by Jack Stubbs; Editing by Andrew Heavens)
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