En+ also controls assets in Eastern Siberia, including utility EuroSibEnergo and 48 percent of Hong Kong-listed aluminum producer Rusal (0486.HK). China 's government will continue its investment in Russia 's natural resources by becoming a cornerstone investor in the anticipated initial public offering ( IPO ) of energy - related group En+ , according to industry sources . The deal , which would be conditional on the IPO going ahead , would follow hot on the heels of the Chinese conglomerate 's $ 9bn purchase of a 14 % stake in Russia 's state - backed oil major BP . It is looking to raise $ billion for debt repayment and investments .
China 's government will continue its investment in Russia 's natural resources by becoming a cornerstone investor in the anticipated initial public offering ( IPO ) of energy - related group En+ , according to industry sources . The deal , which would be conditional on the IPO going ahead , would follow hot on the heels of the Chinese conglomerate 's $ 9bn purchase of a 14 % stake in Russia 's state - backed oil major BP . It is looking to raise $ billion for debt repayment and investments .