Trafigura Said in Talks for Stake in $6.5 Billion Indian Refiner

Updated on
  • Commodities trader would join Rosneft as investor in Essar Oil
  • Billionaire Ruia brothers selling stake to pay down debt

Trafigura Group Pte is in talks to acquire a minority stake in Essar Oil Ltd., India’s second-largest private refiner, in a deal that could value the business at about $6.5 billion, people with knowledge of the matter said.

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