Mercuria Buys Back Minority Stake From Chinese State-Backed Fund

Mercuria Energy Group Ltd. has bought back its shares that were held by CNIC Corp., marking an end to a decade of minority ownership in one of the world’s biggest...

By Archie Hunter, Jack Farchy · Bloomberg Markets

Mercuria Energy Group Ltd. has bought back its shares that were held by CNIC Corp., marking an end to a decade of minority ownership in one of the world’s biggest commodity traders by companies linked to the Chinese state.