LONDON – 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 – and relief from its bankers.
Reuters: Glencore sale of Rosneft stake earns rivals’ respect, bankers’ relief
A man walks past the headquarters of Russia's state-controlled oil giant Rosneft in Moscow on June 28.
