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2017-06-24 09:35:00

ROSNEFT - ESSAR DEAL: $12.9 BLN

ROSNEFT - ESSAR DEAL: $12.9 BLN

REUTERS - Creditor banks to India's Essar Oil approved the acquisition of the company by a group including Russia's Rosneft, two sources familiar with the matter said, removing a key hurdle to the $12.9 billion deal that has been in the works for two years.

The news comes a day after Igor Sechin, CEO of the Russian oil and gas giant, said the Essar Oil deal could be considered as closed. Kremlin-controlled Rosneft, which sees the buyout as vital to expanding in Asia's fastest growing energy market, had aimed to close the deal at the end of 2016 but…

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Tags: ROSNEFT, ESSAR, RUSSIA, INDIA

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ROSNEFT - ESSAR DEAL: $12.9 BLN
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RUSSIA'S ARCTIC ENERGY

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ROSNEFT - ESSAR DEAL: $12.9 BLN
2019, April, 17, 11:05:00

NUCLEAR FOR BETTER LIFE

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ROSNEFT - ESSAR DEAL: $12.9 BLN
2019, April, 17, 11:00:00

RUSSIA, DUBAI INVESTMENT

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ROSNEFT - ESSAR DEAL: $12.9 BLN
2019, April, 17, 10:55:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

U.S. FRB - Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate.

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