A 21 February, 2017 file photo showing a general view of Yuganskneftegaz pumping station in Priobskoe, 200km from Nefteyugansk in Russia. CEFC in September 2017 became the third-largest shareholder in Russia’s Rosneft, the world’s largest listed oil producer. Photo: EPA/YURI KOCHETKOV

Guosheng puts CEFC under state ward as crackdown intensifies on freewheeling private businesses

Wu Qing, a Shanghai vice mayor and former stock exchange chairman, is overseeing the coordination between Guosheng and CEFC, two sources said

Topic |   Mergers & Acquisitions

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A 21 February, 2017 file photo showing a general view of Yuganskneftegaz pumping station in Priobskoe, 200km from Nefteyugansk in Russia. CEFC in September 2017 became the third-largest shareholder in Russia’s Rosneft, the world’s largest listed oil producer. Photo: EPA/YURI KOCHETKOV
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