Trafigura Deepens Ties to Rosneft With Record Indian Acquisition

  • Buying Essar stake is largest ever oil-asset deal by trader
  • Special financing structure used to fund refinery deal

Trafigura Group’s purchase of 24 percent of Essar Oil marks a strategic shift as the trading house builds its position in the fast-growing Indian market and deepens ties with Russia’s Rosneft PJSC.

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