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 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 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 Rosneft. En+ is looking to raise $1.5bn for debt repayment and investments.