Analyst Research

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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile
Provider: Investcafe
Provider: Sadif Analytics Prime

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NK Rosneft' OAO Offers To Buy 21% of Italy's Saras SpA For EUR273.5 Million-DJ

Monday, 15 Apr 2013 08:08am EDT 

Dow Jones reported that NK Rosneft' OAO offered to buy a combined 21% stake in refinery Saras SpA for a total EUR273.5 million ($358.3 million). Rosneft offered to buy 7.3% of Saras at a price of EUR1.37 a share for a total of EUR94.96 million. The statement also said that Saras' controlling shareholders--the Moratti family, agreed to sell a 13.7% stake in the Sardinia-based refinery for EUR178.5 million.