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BRIEF-Fitch says India oil merger may boost efficiency; faces challenges
February 7, 2017 / 3:24 AM / 8 months ago

BRIEF-Fitch says India oil merger may boost efficiency; faces challenges

Feb 6 (Reuters) - Fitch:

* Fitch: India oil merger may boost efficiency; faces challenges

* Fitch - Proposed merger of India’s state-controlled oil companies could reduce inefficiencies across sector

* Fitch - Proposed merger of India’s state-controlled oil companieswould face significant execution challenges

* Fitch on India oil deal-Expects merger to give new entity much stronger bargaining power with suppliers, greater financial clout to secure oil resources

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