Qatar Investment Authority, Qatar's state-owned holding company that can be characterised as a National Wealth Fund, acquired a 14.16% stake in Rosneft Oil Company, a Russian integrated energy company, from Glencore, an Anglo–Swiss multinational commodity trading and mining company, for EUR7.4bn. Glencore and QIA will each retain an economic interest in Rosneft shares of approximately 0.57% and 18.93% respectively.