Ending ties with Russia’s Rosneft, Trafigura sells Nayara stake to Hara Capital Sarl
Swiss-headquartered commodity trader Trafigura sold its 24.5% interest in Nayara Energy Ltd, formerly Essar Oil, to Hara Capital Sarl, severing ties with Russian energy giant Rosneft. Nayara runs India’s second-largest private refinery and more than 6,000 petrol pumps. Trafigura said it had completed the sale of its “indirect minority interest” in Nayara to the Italian investment firm on Wednesday. Rosneft is Nayara’s single largest shareholder with a 49.13% stake.
