Acquisition of shares in Rosneft Oil Company
LXL has been advising CEFC on its acquisition of a 14.2% shareholding in Rosneft Oil Company – Russia’s largest oil producer. This transaction is very important since CEFC, China’s largest private oil and gas company, will upon completion become Rosneft’s third-largest shareholder. LXL has been advising on all aspects of the transaction which was very important since CEFC, China’s largest private oil and gas company, would have upon completion have become Rosneft’s third-largest shareholder.
Selected Press Coverage:
The deal was also described as a Mega Deal being the largest Chinese investment in Russia – ever: http://www.scmp.com/business/companies/article/2120571/chinas-russian-buying-spree-continue-says-leading-moscow
The deal was shortlisted as Deal of the Year for Russia by CEE Legal Matters: