Vitol, a Swiss-based Dutch multinational energy and commodity trading company, completed the acquisition of a 35% stake in Saras, an Italian energy multinational corporation with operations in petroleum refining, marketing, transportation and power generation, for €595m. "We are pleased to have completed this important step. We look forward to deploying our expertise and working with the local management team on this next chapter for Saras. We are mindful of our responsibilities, both to the Company and its stakeholders, and remain committed to investing in Saras’s future," Russell Hardy, Vitol CEO.