Ivan Glasenberg will no longer be a member of the board of Russian oil major Rosneft.
Rosneft Mining News
CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes.
The Qatar Investment Authority (QIA) is taking a stake in Rosneft of nearly 19 percent, after a deal with China's CEFC fell through.
Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.