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ROSNEFT DEAL
Good year for M&As, $54.7-bn deals sealed in 2017Telecom, technology and financial services sectors topped the charts in terms of deal value, stated a recent Mergermarket report.
Mega Essar-Rosneft deal cheers lenders, boosts companyThe conglomerate has been grappling with debt after an $18-billion spending spree to build power and steel plants and an oil refinery over ...
Essar-Rosneft deal is a major milestone in oil and gas industry: RS Sharma, Former CMD, ONGC"With a new foreign player coming in the refining sector, it will ensure competition for the existing players and the ultimate benefit goes...
Ruias strike complex royalty deal with new owners of Essar OilThe Essar-Rosneft deal is believed to be in the final stage. With Essar Oil about to change hands, Ruias are keen to retain their hold on E...
Essar Oil to pay lenders soon after Rosneft dealThe company gives unconditional undertaking to LIC and others that dues will be cleared within three days of deal closure.
LIC demands dues from Essar to give clearance to Rosneft-Essar dealThe state-owned life insurer has spelt out that it would issue a ‘no-objection certificate’ (NoC) for the $13-billion deal only after Essar...
Wall Street biggies not in top-5 M&A advisersJM Financial, UBS, VTB Capital, Kotak and Arpwood occupied the top five slots in the Bloomberg M&A list by deal value, while Morgan Stanley...
Rosneft looks to complete Essar Oil deal in 'next few weeks'The acquisition is the biggest in India and largest outbound deal for Russia. The all cash deal was expected to close in first quarter of 2...
We will close Essar Oil deal in a few weeks: Rosneft executiveEssar Oil has been in advanced talks with to sell 49% stake to Rosneft but the deal has taken more time than inititally envisaged.
Rosneft deal to halve debt exposure: Ruias to now focus on steel, ports businessRuia said the sale would allow the group to reduce the debt as well as provide funds to meet its portion of equity infusion when the Essar ...
Rosneft deal: Billionaire Ruia brothers' stake in Essar Oil may fall below 10%Rosneft to acquire 49%, Trafigura 24% at around $6-billion equity valuation; third investor likely; announcement expected at BRICS meet
Ruias plan to sell another 25% stake in Essar OilThe Ruia family is looking at selling another 25 per cent stake in the company to an oil trader or a strategic investor like Saudi Aramco.
Essar Oil completes delisting of shares; move makes way for Rosneft dealEssar Oil has completed the share buyback for its much-delayed de-listing, making way for its planned stake sale to Russian energy major OA...
Essar Oil ends 6% up; stock may get delisted post Rosneft dealBillionaire brothers Shashi and Ravi Ruia have agreed to sell a 49 per cent stake in Essar Oil to Russian energy major OAO Rosneft.
Russia's Rosneft signs preliminary deal to buy up to 49% stake into Essar's Vadinar refineryRosneft and Essar also signed a final agreement for supply of 100 million tonnes of crude oil over a period of 10 years for the Vadinar ref...
Essar Oil ends 9% lower as Rosneft deal hits bump over priceEssar Oil fell 6% on Friday on reports that Rosneft's talks with Essar Group to buy a key stake in the unit have slowed.
- BP's Rosneft collapse puts Shell, Exxon back in play
The collapse of BP Plc's alliance with Russia's state-run oil company Rosneft brings one of the world's largest untapped drilling opportuni...