Linklaters advises Rosneft on $12.9bn acquisition of Essar Oil
Linklaters has advised Rosneft on the Sale and Purchase Agreement for approximately 49% stake in Essar Oil Limited (hereinafter - “EOL”) from Essar Energy Holdings Limited and its affiliates. Rosneft Board of Directors unanimously approved the deal on 13th October 2016.
Rosneft acquired 49% of the Vadinar refinery, one of the most sophisticated refinery in the Asia-Pacific region, possessing a complex infrastructure. EOL's business also includes a vast network of 2.7 thousand Essar branded retail outlets across India.