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Rosneft to buy 49% stake in Essar Oil in an all-cash deal

Russian oil giant Rosneft has cemented the deal to buy 49 percent stake in Essar Oil. European commodities trader Trafigura and Russian fund UCP consortium will also pick-up 49 percent stake in Essar, leaving existing promotes Ruia family with 2 percent stake.

first published: Oct 15, 2016 02:09 pm

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