Saras, Rosneft eying Italy retail network of Shell

Deals

Italian refiner Saras and Russian partner Rosneft are eying the petrol station network that oil major Royal Dutch Shell is mulling selling in Italy, a Saras executive said on Wednesday. “I think they (Rosneft) are probably going to take a look and we hope to be able to cooperate with them,” Reuters quoted Saras Managing Director Dario Scaffardi as saying in a conference call. In April Shell said it was considering selling some of its Italian downstream assets including its retail, aviation and supply and distribution businesses. Saras, controlled by the Italian Moratti family, reached a deal in April that will see Rosneft take a stake of up to 21% in the refiner.

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