Russia's Rosneft Oil Company and its partners on 15 October 2016 acquired India’s second biggest private oil firm Essar Oil in an all-cash deal valued at about 13 billion US dollars.
●    Rosneft will have a 49 percent stake in Essar Oil’s refinery, port and petrol pumps.
●    Trafigura Group Pte and United Capital Partners will split 49 percent equity equally. 
●    The remaining 2 percent is held by minority shareholders after delisting of Essar Oil.
●    The deal includes 10.9 billion US dollars for Essar Oil’s Vadinar refinery of Essar Group and 2 billion US dollars for a port terminal that helps feed refinery. 
●    It also includes Essar Oil’s debt of 4.5 billion US dollars and about 2 billion US dollars debt with the Port Company and power plant. 
●    Essar Oil has a portfolio of onshore and offshore oil & gas blocks with about 1.7 billion barrels of oil equivalent in reserves & resources.
●    The company was established in 1969.
●    Essar Group is led by Shashi Ruia and Ravi Ruia.

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