A CEFC logo is seen at CEFC China Energy's Shanghai headquarter in Shanghai, China September 14, 2016. Picture taken September 14, 2016. REUTERS/ Aizhu Chen BEIJING (Reuters) - CEFC China Energy is in talks with China’s state-run CITIC Group for CITIC to take a maximum 49 percent stake in the private conglomerate’s European unit, a CEFC executive briefed on the matter told Reuters on Tuesday. A CEFC spokesman said he couldn’t immediately comment on the matter. CEFC Europe said late on Monday that the firm’s activities in Czech Republic would continue, and a new unnamed Chinese shareholder would join the firm. Czech news website www.tyden.cz said without naming its sources the new shareholder would be China’s state-owned CITIC Group, and that it would take a 49 percent stake in CEFC Europe. Reporting by Chen Aizhu; editing by Richard Pullin
China’s state-owned Citic Group looks set to buy a stake of up to 49% in the Czech Republic-based European unit of CEFC China Energy.