Glencore sale of Rosneft stake earns rivals' respect, bankers' relief

Tue, 12 Sep 2017 - 09:01 GMT

Glencore’s move last week to sell most of its stake in Russian oil major Rosneft to Chinese conglomerate CEFC is eliciting admiration from the Swiss oil trader’s rivals.

China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes

Sat, 09 Sep 2017 - 09:12 GMT

Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft (ROSN.MM) for $9.1 billion from a consortium of Glencore .