Rosneft to Buy 49% Stake in Essar Oil for $8 Billion
Rosneft buying into India
India’s Essar Oil (ticker: ESSAROIL) plans to sell a 50% stake, minus 1 share, to Russia’s oil giant Rosneft (ticker RNFTF) for $7-$8 billion, according to a report from the Economic Times. The deal would …