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Rosneft, Partners Buy Essar Oil For $13 Billion In Largest FDI Deal

Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps.
Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps.
Panaji: In the largest inflow of foreign direct investment, Russia's state-controlled oil giant Rosneft and its partners today took over India's second biggest private oil firm Essar Oil in an all-cash deal valued at about $13 billion. Rosneft bought a 49 per cent stake in Essar Oil's refinery, port and petrol pumps, while Netherlands-based Trafigura Group Pte, one of the world's biggest commodity trading companies, and Russian inve...
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