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New Deal


Announced

Vitol to acquire a 35% stake in Saras for €595m.

Financials

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Transaction Value£508m
Consideration TypeCash
Capital Owned-
Capital Bid For35%
EV/Sales-
EV/EBITDA-
Share Price Premium10%
One Off Charge-

Tags

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Cross Border

Friendly

crude oil

oil distributor

Oil Refining and Marketing

Minority

Pending

Italy

Single Bidder

Acquisition

Public

Synopsis

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Vitol, a Swiss-based Dutch multinational energy and commodity trading company, agreed to acquire a 35% stake in Saras, an Italian energy multinational corporation with operations in petroleum refining, marketing, transportation and power generation, for €595m. The deal emphasizes strategic growth, with Vitol planning a takeover bid for remaining Saras shares, highlighting the refinery's importance in Europe's energy sector.

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