Moratti Family Sells 35% Stake in Saras Oil Refiner to Vitol
Vitol Group has acquired a controlling stake in Italian refiner Saras SpA from the family of billionaire Massimo Moratti, marking a strategic move to expand its presence in the Mediterranean market. The deal, valued at about €1.7 billion, will see Vitol paying €1.75 per share for the stake, solidifying its position in the commodities trading sector.