Fo­sun in talks to buy Rus­sian stake

China Daily (USA) - - BUSINESS -

Rus­sian busi­ness­man Mikhail Prokhorov’s Onexim Group is in talks to sell a stake in Re­nais­sance Cap­i­tal bank to China’s Fo­sun In­ter­na­tional, Rus­sia’s Ve­do­mosti daily re­ported, cit­ing three sources. Fo­sun could get a stake in RenCap that is smaller than a con­trol­ling one, the news­pa­per said. Ear­lier this year, Onexim sold a 20 per­cent stake in potash pro­ducer Ural­kali.

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