Russian firms, Trafigura to buy India refiner for $12-$13 bln-sources

Last Updated: Thu, Oct 13, 2016 18:20 hrs

NEW DELHI, Oct 13 (Reuters) - Russian oil major Rosneft , along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil for about $12-$13 billion, two sources with direct knowledge of the deal told Reuters on Thursday.

Rosneft will get 49 percent and the two investors - Trafigura and UCP - will hold the remaining 49 percent in equal parts, the sources said. (Reporting by Nidhi Verma; Editing by Douglas Busvine)

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