China's CEFC could increase 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. If CEFC buys a stake in En+, it would be the second large deal by the fast growing Chinese conglomerate in Russia this year, following its purchase last week of 14 percent of Kremlin-controlled oil major Rosneft for $9 billion. The Chinese government has been pushing for more foreign direct investments into Russia since last year, when it announced plans to invest $45 billion over five years in infrastructure projects and other projects. En+ is looking to raise $1.5bn for debt repayment and investments.
China's CEFC could increase 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 Chinese government has been pushing for more foreign direct investments into Russia since last year, when it announced plans to invest $45 billion over five years in infrastructure projects and other projects. En+ is looking to raise $1.5bn for debt repayment and investments.