Essar energy's global footprint
Essar Energy announces the launch of a $500 million convertible bonds issue to raise funds for its future acquisitions.
Essar Group Chairman Shashi Ruia
1. January 18, 2011 Essar Energy announces the launch of a $500 million convertible bonds issue to raise funds for its future acquisitions.
2. February 18, 2011 Essar Energy enters into agreement with Royal Dutch Shell to buy out its refinery at Stanlow, Britain, for $350 million.
3. March 4, 2011 Employees' union rejects the deal following differences over pension payouts with Essar.
4. March 14, 2011 Essar agrees to replicate Shell's pension benefits. Says benefit packages to remain unchanged for a minimum of two years.
5. March 29, 2011 Essar Energy buys the Stanlow refinery, expands its global footprint.
-Anamika Butalia
2. February 18, 2011 Essar Energy enters into agreement with Royal Dutch Shell to buy out its refinery at Stanlow, Britain, for $350 million.
3. March 4, 2011 Employees' union rejects the deal following differences over pension payouts with Essar.
4. March 14, 2011 Essar agrees to replicate Shell's pension benefits. Says benefit packages to remain unchanged for a minimum of two years.
5. March 29, 2011 Essar Energy buys the Stanlow refinery, expands its global footprint.
-Anamika Butalia
