Vitol Acquires Controlling Stake in Saras Refinery
The deal, valued at approximately €1.7 billion, marks a significant expansion for Vitol into the European energy market.
- Vitol Group purchases a controlling stake in Saras SpA from the Moratti family, valuing the company at around €1.7 billion.
- The acquisition includes about 35% of Saras shares at €1.75 each, with potential additional sales from Angelo Moratti.
- Vitol, the world's largest independent oil trader, plans a takeover bid for the remaining shares of Saras.
- The deal enhances Vitol's refining capacity and strengthens its position in the Mediterranean and European markets.
- Completion of the transaction is contingent upon regulatory approvals, including the Italian government's golden power procedure.
Financial Post 
