Russian oil major Rosneft, along with European trader Trafigura and Russian fund UCP, will acquire 98 percent in India's Essar Oil for about $12-$13 billion, two sources with direct knowledge of the deal told Reuters on Thursday.
Rosneft will get 49 percent and the two investors - Trafigura and UCP - will hold the remaining 49 percent in equal parts, the sources said.
Reporting by Nidhi Verma
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