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Life after Rosneft deal: CEFC ambitions face debt, regulatory hurdles

Reuters  |  HONG KONG 

By Kane WuHONG KONG (Reuters) - CEFC China Energy is considering more deals after recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing debt pile and rising regulatory scrutiny.Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare contract to store part of the nation's strategic oil reserve.Its ambit now extends beyond oil assets to infrastructure and even financial services. It is one of a handful of conglomerates in China with all financial ...

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First Published: Fri, September 15 2017. 14:34 IST
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