Qatar Investment Authority will pay some US$4.2 billion ( 3.7 billion euro ) for a 14.16-percent stake in Russia’s biggest oil producer Rosneft, thus becoming the third-largest single shareholder after the Kremlin and BP, the Russian company said on Tuesday. The deal with the sovereign wealth fund of Qatar is the final episode of a saga in which a little-known Chinese company until that point, CEFC China, said in September last year that it had agreed with a consortium of Glencore and Qatar Investment Authority (QIA) the terms of sale of the consortium’s 14.16-percent stake in Rosneft. However, in March this year, Chinese authorities started investigating the chief executive of CEFC China Energy, Ye Jianming, on suspicion of economic crimes. The investigation was part of a wider crackdown on private Chinese businesses after President Xi Jinping’s government warned that no Chinese billionaire, no matter how well-connected, is safe from […]