UPDATE 2-India’s Essar agrees to sell oil arm to Rosneft-led group

7 days ago 0

GOA, India, Oct 15 (Reuters) – India’s debt-laden Essar Group confirmed on Saturday that it has agreed to sell a 98 percent interest in its Essar Oil unit to a consortium led by Russia’s Rosneft, giving the energy giant a gateway into the world’s fastest growing fuel market.

Reuters: Financial Services and Real Estate