2009年10月19日

中投斥3亿美元投资俄罗斯石油公司 CIC Puts $300 Million Into Three-Way Deal

国主权财富基金中投公司(China Investment Corp.)以及香港上市公司凯顺能源集团有限公司(Kaisun Energy Group Ltd.)发布的公告显示,中投斥资3亿美元参与了后者寻求收购俄罗斯石油企业诺贝鲁控股投资有限公司(Nobel Holdings Investments Ltd.)的复杂股权收购交易。

这一协议似乎为诺贝鲁借壳在港上市打开了一条通路。这桩交易中的不寻常之处是,金融企业香港东英集团(Oriental Patron Financial Group)在诺贝鲁控股投资有限公司以及凯顺能源中均有持股。

中投公司周四在官网上发表声明称,公司投资了3亿美元收购诺贝鲁石油(Nobel Oil Group)45%股权、并以此支持这家石油公司在未来9个月的扩张。公告还表示,总部设于香港、由前中国政府官员管理的东英集团持有诺贝鲁5%股权。

凯顺能源在周四的另一份声明中说,公司已签署备忘录从诺贝鲁控股投资有限公司现有股东手中收购该公司全部权益,包括中投和东英集团所持股权。凯顺能源发言人说,公司在香港创业板市场上市,东英集团及东英高管持有其11%股权。以周四收盘价计算,公司市值约为25亿港元,约合3.2亿美元。

凯顺能源主席陈立基(Joseph Chan)说,交易的融资方式是将凯顺能源的新股与诺贝鲁石油公司现有股东所持股份进行换股。凯顺能源现有股东包括一家中国煤矿及一家煤炭加工企业。

周四在上述声明发布前,凯顺能源股价上涨了8.5%,该股年内已上涨了超过两倍。俄罗斯国际文传电讯社(Interfax)曾在9月份援引诺贝鲁石油公司的公告报导说,中投和东英集团已经敲定了投资该公司的交易。

诺贝鲁石油成立于1991年,在俄罗斯拥有三处正在运营的油田资源,已探明石油储量为1.5亿桶。诺贝鲁控股投资有限公司拥有诺贝鲁石油所有在俄罗斯的石油资产。

诺贝鲁石油董事长格里维奇(Grigory Gurevich)说现在公司正在就收购更多俄罗斯油田展开磋商,他说公司可能会要求中投在未来追加投资。

中投今年展开了一轮自然资源领域的收购狂潮,包括投资印度尼西亚煤炭企业以及哈萨克斯坦第二大石油生产商。

坐拥3,000亿美元的中投去年基本未将手中资金投向海外,而现在则在寻求开展更多海外交易,上述多项投资都是该公司为策略转型所作努力的一部分。中头目前还向海外对冲基金投资了数十亿美元。

Rick Carew / Yvonne Lee

(更新完成)

China's sovereign-wealth fund is investing $300 million as part of a complex transaction in which a Hong Kong-listed company is seeking to take over Russian oil producer Nobel Holdings Investments Ltd., according to statements from the Chinese fund and the Hong Kong-listed company.

The agreement appears to be a route to a backdoor listing of the Russian company in Hong Kong. In one unusual aspect of the deal, Hong Kong-based financial firm Oriental Patron Financial Group is a shareholder in both Nobel Holdings and the Hong Kong-listed company, Kaisun Energy Group Ltd.

China Investment Corp., the sovereign fund, said in a statement posted on its Web site Thursday that it is paying $300 million to buy 45% of Nobel Oil Group and fund the Russian company's expansion plans in the next nine months. CIC also said Oriental Patron, a Hong Kong-based financial company owned and managed by former Chinese government officials, had acquired a 5% stake in Nobel Oil.

In a separate announcement Thursday, Kaisun Energy said it had signed a memorandum of understanding to acquire all of Nobel Holdings from its existing shareholders, including CIC and Oriental Patron. Kaisun Energy is listed on Hong Kong's Growth Enterprise Market and 11% owned by Oriental Patron and Oriental Patron's senior managers, according to a Kaisun Energy spokesman. The company has a market capitalization of about HK$2.5 billion, or about US$320 million, based on its Thursday closing price.

Kaisun Chairman Joseph Chan said it will fund part of the acquisition by swapping new Kaisun shares for the shares in Nobel Oil held by its existing shareholders. Kaisun's existing holdings include a Chinese coal mine and a Chinese coal-processing company.

Kaisun's shares rose 8.5% Thursday ahead of the announcement and have more than tripled this year. Russia's Interfax news agency reported in September that CIC and Oriental Patron had struck a deal to invest in Nobel Oil, citing a statement by the Russian company.

Nobel Oil, established in 1991, has three operating oil fields in Russia with estimated reserves of 150 million barrels of oil. Nobel Holdings Investments owns all of the assets of Nobel Oil in Russia.

Nobel Oil Chairman Grigory Gurevich said the company is now in talks to acquire more oil fields in Russia. 'We may ask CIC for additional investment in the future,' Mr. Gurevich said.

CIC has embarked on a spate of natural-resource-related acquisitions this year, including investments in coal mines in Indonesia and Kazakhstan's second-largest oil producer.

The deals are part of CIC's strategy to deploy more capital from its $300 billion portfolio into overseas deals, after holding most of its funds allocated for global investments in cash last year. CIC is also placing billions of dollars with outside hedge-fund managers.

Rick Carew / Yvonne Lee

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