India: Rosneft struggles to close $12.9b Essar Oil acquisition, awaits creditors' approval

India: Rosneft struggles to close $12.9b Essar Oil acquisition, awaits creditors' approval

An oil refinery of Essar Oil, which runs India's second biggest private sector refinery, is pictured in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo

Russian state oil firm Rosneft is struggling to close its $12.9 billion acquisition of India’s Essar Oil Ltd because six of Essar’s Indian creditors have yet to approve the deal, persons familiar with the talks said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter