Rosneft, partners close $12.9bn deal to buy Essar Oil

Rosneft and its partners have finalised their $12.9 billion (£10bn) takeover of India’s Essar Oil. The Russian company and global trader Trafigura and Russian fund United Capital Partners have bought a 98.26% stake, with the rest held by retail investors. They will take over the Vadinar refinery in the state of Gujarat, which has the […]