Bloomberg Essar Group, controlled by India’s billionaire Ruia brothers, signed binding agreements to sell a combined 98 percent stake in its refinery unit to Russian energy giant Rosneft PJSC and a consortium of Trafigura and United Capital Partners. The Indian conglomerate agreed to sell 49 percent each of Essar Oil Ltd. to Rosneft and the consortium for an enterprise …

  BLOOMBERG Steinhoff International Holdings NV agreed to buy Fantastic Holdings Ltd. of Australia for A$361.4 million ($275 million) as the South African retailer seeks to expand its footprint in the southern hemisphere. The company offered A$3.50 a share in cash, a 43 percent premium to Thursday’s closing share price, Fantastic Holdings said in a statement on Friday. The deal …

  Bloomberg It turns out Masayoshi Son isn’t ready to retire after all. Just a year ago, SoftBank Group Corp.’s founder looked poised to fulfill his long-stated plan of stepping aside in his 60’s. He had a global telecom empire, track record of spectacularly successful investments and a bright young successor. Instead, the 59-year-old edged aside his heir apparent, cut …