GOA, India (Reuters) - India and Russia on Saturday signed a deal to pave the way for a group led by Russian oil major Rosneft (MM:ROSN) to acquire India's Essar Oil.
The group will acquire Essar Oil
Russian lender VTB (MM:VTBR) will give Essar $3.9 billion in credit for debt reconstruction, VTB Chief Executive Andrei Kostin said on Saturday.