Italy Reviews Vitol’s Saras Takeover: Job Security and Investment Commitments Required

Italy’s Government to Demand Commitments from Vitol in $2 Billion Saras Takeover Deal

Italy’s government is set to seek commitments from global commodity trader Vitol as it reviews the company’s plan to acquire oil refiner Saras. The transaction, valued at 1.7 billion euros, will be scrutinized under Italy’s “golden power” rules, which apply to industries deemed strategically important. Rome will focus on job security, investments, and the continuity of supplies when vetting the deal.