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Chinese-backed fund steps up investments in Europe

With $1.5bn of Chinese money burning a hole in his pocket, Rafał Andrzejewski is in a hurry.

From Tallinn in the north to Tirana in the south, the investment director of CEE Equity Partners is racing to find opportunities across central and eastern Europe to spend his Chinese backer’s cash.

Successful in Africa but lagging behind rivals including the South Koreans in Europe, Chinese investors are hungry for major assets and projects. Mr Andrzejewski finds himself at the vanguard of a shopping spree in the continent’s emerging east.

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