3 May 2024
China’s CEFC grabs USD 9 billion Rosneft stake as Beijing cosies up to Moscow
Publication date: 11 September 2017
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Chinese conglomerate CEFC China Energy has swooped to acquire a 14.16% stake in Russia’s state-backed oil major Rosneft from Glencore and the Qatar Investment Authority (QIA) for around USD 9 billion, in a sign of strengthening relations between Beijing and Moscow.
Glencore said CEFC will pay ...