Russia’s Rosneft has sold its 12% stake in the Italian refiner Saras for $187million.
The company started reducing its share in Saras in October 2015, initially selling a 9% holding.
The oil producer agreed in 2013 to buy 21% of Saras, which is 50% owned by the Moratti family.
It was part of a move to strengthen Rosneft’s commitment to the Mediterranean area.
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