Russia's Rosneft says to complete Essar deal in nearest future | Reuters

MOSCOW Russian largest oil producer Rosneft said on Wednesday that it plans to complete the deal to acquire a 49 percent stake in India's Essar Oil in the 'nearest future'. The closure of the $12.9 billion deal, signed last year, has been held up by creditor banks to Essar and some regulatory approvals. Rosneft said all the necessary legal approvals have been received by the purchasers and sellers

Reuters June 28, 2017 21:52:12 IST
Russia's Rosneft says to complete Essar deal in nearest future
| Reuters

Russias Rosneft says to complete Essar deal in nearest future
 Reuters

MOSCOW Russian largest oil producer Rosneft said on Wednesday that it plans to complete the deal to acquire a 49 percent stake in India's Essar Oil in the "nearest future".

The closure of the $12.9 billion deal, signed last year, has been held up by creditor banks to Essar and some regulatory approvals.

Rosneft said all the necessary legal approvals have been received by the purchasers and sellers.

"The parties received no additional inquiries from the Indian Authorities. Excluding the (Vadinar) port from the deal is not being considered by the parties," it said. (Reporting by Katya Golubkova; writing by Vladimir Soldatkin)

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