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Rosneft says completion of India's Essar oil acquisition seen by Q2-end
May 10, 2017 / 1:39 PM / 3 months ago

Rosneft says completion of India's Essar oil acquisition seen by Q2-end

MOSCOW, May 10 (Reuters) - Russia's largest oil producer Rosneft expects to complete the acquisition of Indian refiner Essar Oil by the end of this quarter, Rosneft's chief financial officer Pavel Fedorov said during a conference call on Wednesday.

The $12.9 billion deal, in which Rosneft is set to take a 49 percent stake in Essar to pursue its global expansion, was initially expected to close by the end of March. (Reporting by Vladimir Soldatkin; Writing by Dmitry Soloyov)

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