The sale of 14.1% of Rosneft shares to the Chinese has been postponed indefinitely
Chinese CEFC, which was going to buy a 14.1% stake in Rosneft for $9.1 billion from a consortium of Swiss trader Glencore and Qatari fund QIA, has postponed the deal. The official reason is that the company cannot complete the deal without external borrowings. But in early March, Chinese media reported that CEFC head Ye Jianming was detained in a corruption case. Details Bloomberg writes that the deal has been postponed, citing the Chinese rating agency Chengxin.