Ruias-led Essar Group would take a decision by June on whether to go ahead with the buyout of three European oil refineries from Royal Dutch Shell Plc, according to a media report.

The proposal is part of the conglomerate's global expansion plans and the two companies had extended their exclusive talks for the planned deal, in November last year.

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“... We would like to wait a while and study it (the proposed deal).... It's something we want to be 100 per cent sure about when we do it. We have already done a lot of homework on the transaction,” Ruia told the Wall Street Journal.

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