Saras and Rosneft will form a joint venture to trade oil and petroleum products. This was announced by the Russian company, specifying that the agreement was signed by the president of Rosneft, Igor Sechin and by that of Saras, Gian Marco Moratti.
The agreement provides that the joint venture, 50%, will be operational in 2014 and the objectives, in addition to trading operations, are also to encourage entry into new markets using the potential of both companies.
It ended a few days ago the takeover bid by Rosneft on 7,3% of the share capital of Saras, which led the Russian company to hold 21% of the Moratti company.
At the opening on Piazza Affari, the Saras share gained 1,15%.
