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Russia's VTB head says all creditors have approved Rosneft-Essar deal

Published 06/03/2017, 07:07 AM
Updated 06/03/2017, 07:10 AM
© Reuters. A worker is seen at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk

ST PETERSBURG, Russia (Reuters) - All creditors of India's Essar Oil have given their consent for the company's takeover by Russian oil major Rosneft (MM:ROSN), the head of Russia's VTB (MM:VTBR) bank said on Saturday.

Andrei Kostin, whose bank is acting as advisor on the $12.9 billion acquisition, also said the deal would be closed this month, echoing comments made by the head of State Bank of India on Friday.

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