Rosneft, Trafigura Said to Near Deal for $6.5 Billion Refinery

Updated on
  • Indian conglomerate aims to sign binding deal in next 2 weeks
  • Essar may sell further stake, could keep 5% holding or less

Essar Group, controlled by India’s billionaire Ruia brothers, is nearing a final agreement to sell control of its refinery unit to Russian energy giant Rosneft PJSC and commodities trader Trafigura Group Pte, people with knowledge of the matter said.

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