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CEFC China Energy (Chinese: 中国华信能源) is a private Chinese conglomerate. With revenue of 220 billion CNY (35 billion USD) in 2014 the company is among the 10 largest private companies in China.[3] In 2014 the company generated revenue mainly from oil and gas (60%) and financial services (25%),[2] but operates also in a wide range of other sectors like transport infrastructure, forestry, asset management, hotel management, warehousing services, real estate development and logistics services.[1] A large portion of CEFC's assets is concentrated in overseas markets.[1] Since 2013 the company has been listed on the Fortune Global 500 list.[4] It rose from a rank of 342 in 2015 to 229 in June 2016.[5] Most of the company is owned by Shanghai Energy Fund Investment Ltd (SEFI), which is registered under Ye Jianming, the chairman of CEFC.[1]

CEFC China Energy
Private
Industry Oil and gas, Financial services
Headquarters Shanghai, China
Area served
Worldwide
Key people
Revenue Increase CN¥220 billion (2014)[2]
Number of employees
20 000 (2014)[2]
Website http://www.cefc.co

In May 2015 company acquired a 5% stake in Slovak J&T Finance Group.[6] This increased to 9.9% in September 2015.[7] In September 2015 company acquired multiple assets in the Czech Republic - a majority stake in brewery Pivovary Lobkowicz Group (cs), a 10% stake in airline Travel Service, 60% in football club SK Slavia Prague and real-estate assets in Prague - the building of the former Živnostenská banka at Na příkopě street and Martinický palác (cs) at Hradčany.[8] CEFC also bought a stake of between 50 and 90 per cent in Czech online travel agent Invia in March 2016, probably with a view to capitalising on the rapidly increasing numbers of Chinese tourists visiting Prague.[9]

ReferencesEdit

  1. ^ a b c d Staff Reporter (11 July 2014). "Mysterious Shanghai private firms makes Fortune Global 500". WantChinaTimes. Archived from the original on 15 July 2014. Retrieved 7 September 2015. 
  2. ^ a b c "Corporate Profile". CEFC China. Retrieved 7 September 2015. 
  3. ^ "Top 10 private companies in China". China Daily. 20 August 2014. Retrieved 7 September 2015. 
  4. ^ Fortune Global 500
  5. ^ "2016年财富世界500强最新排行榜名单 财富世界500强中国110家上榜-理财产品 - 南方财富网". www.southmoney.com. Retrieved 2016-07-24. 
  6. ^ "China's CEFC takes stake in Czech-Slovak J&T Finance Group". Reuters. 14 May 2015. Retrieved 7 September 2015. 
  7. ^ Čínský konglomerát CEFC už má v J&T desetinu. Usiluje o 30 procent http://ekonomika.idnes.cz/cinska-cefc-zvysila-podil-v-j-t-na-deset-procent-chce-30-procent-pu0-/ekonomika.aspx?c=A150903_135502_ekonomika_rts, Retrieved 25 March 2016
  8. ^ Hovet, Jason. "China's CEFC adds to Czech buying spree with airline, brewery deals". Reuters. Retrieved 7 September 2015. Johnston, Raymond (4 September 2015). "Chinese firm CEFC buys majority stake in Slavia Praha". Prague Post. Retrieved 7 September 2015. 
  9. ^ Čínská CEFC kupuje podíl v Invii, chce nabídnout servis čínským turistům, iDnes.cz, http://ekonomika.idnes.cz/cinska-skupina-cefc-ovladne-on-line-obchodnika-se-zajezdy-invii-pvn-/ekonomika.aspx?c=A160322_173841_ekonomika_rts, Retrieved 25 March 2016