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CEFC to pick up 20 percent stake in Cowen Group.

China’s Energy Giant CEFC to Acquire 20 Percent Stake in Brokerage Firm Cowen Group

Mar 31, 2017 06:18 AM EDT

Chinese conglomerate CEFC China Energy has announced its plan to buy a 20 percent stake in the American financial services Cowen Group for $100 million. Both companies have described the deal as part of the "long-term strategic investment."

Pipelines are seen at the TOTAL oil refinery on January 10, 2007 in Leuna, Germany.

China's CEFC, CNPC Grab 12% Stake in Abu Dhabi Oil Deal

Prei Dy |

Feb 21, 2017 05:30 AM EST

Shanghai-based CEFC China Energy Co. snatched the last 4 percent stake for the onshore venture, Abu Dhabi National Oil Co. (ADNOC) confirmed on Monday. CEFC will be paying an $888 million signing bonus. China National Petroleum Corp. (CNPC) was also awarded an 8 percent in exchange for a signing bonus of $1.8 billion.