Announced
Financials
Sources
Tags
Cross Border
Friendly
crude oil
oil distributor
Oil Refining and Marketing
Minority
Pending
Italy
Single Bidder
Acquisition
Public
Synopsis
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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