China's Huarong Asset buys 36.2% stake in energy group CEFC

China's Huarong Asset buys 36.2% stake in energy group CEFC

An employee takes a sample of crude oil to be sent for analysis. Photographer: Antoine Antoniol/Bloomberg

State-controlled China Huarong Asset Management Co has bought a 36.2 percent stake in the unit of CEFC China Energy through which CEFC is acquiring a $9.1 billion stake in Russia’s Rosneft, a filing by the CEFC unit showed.

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