New Delhi: Oil trader Trafigura has agreed to sell its 24.5 per cent indirect stake in Nayara Energy to Italy's Genera Group, the company said Wednesday.
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The company, however, did not disclose the financial details of the transaction.
The Italian group will acquire the stake via a special-purpose vehicle, Hara Capital Sarl, incorporated in Luxembourg.
Nayara Energy owns India's third largest refinery, a port, and a network of more than 6,500 petrol pumps across the country.
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