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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
India's second largest private fuel company, Nayara Energy, could be a lucrative acquisition target for the two oil giants as its sanctions-hit Russian owners eye an exit.
قصص آنية ومفصلة ومكتوبة بعناية من المنطقة
Timely, detailed and well-written stories from the region
From almost becoming partners a few years ago, Mukesh Ambani's Reliance Industries and Saudi Aramco seem to now be in a straight fight for Nayara Energy, India’s second largest private fuel company.
The two oil giants have held discussions with Russia’s PJSC Rosneft Oil Company and asset manager UCP Investment Group to acquire their respective stakes in Nayara, according to two people aware of the development, requesting anonymity as the conversations are private and in very early stages. The Economic Times had reported this development first. Rosneft owns a 49.1% stake in Nayara, while Kesani Enterprises owns 49%—split equally between …
آراء حول أحدث التطورات في الأعمال والاقتصاد من محرر الشرق الأوسط
Views on the latest happenings in business and economy from our ME Editor
