Why Did CEFC China Energy Agree to Buy a Large Rosneft Stake from Glencore and QIA?

Posted on 09/08/2017


Baar, Switzerland-based Glencore and the Qatar Investment Authority (QIA) have agreed to jointly sell a 14.16% stake in Rosneft to CEFC China Energy Company Limited for US$ 9.1 billion. The stake sale is marked at a premium of approximately 16% compared to an average weighted price of the shares over the last 30 days. This […]