IHS Chemical Week

World News and Views :: Top of the News

IPIC to Acquire Total’s 48.83% Stake in Cepsa for €3.7 Billion

5:26 AM MST | February 16, 2011 | Deepti Ramesh

Total says it has signed an agreement with the International Petroleum Investment Co. (IPIC; Abu Dhabi), whereby Total will sell its 48.83% stake in Cepsa (Madrid) to IPIC for €3.7 billion ($5 billion).  IPIC currently has a 47.06% stake in Cepsa. This sale will take place pursuant to a public takeover bid over the entire share capital of Cepsa that IPIC has undertaken to file with the Spanish Securities Commission CNMV, Total says. IPIC will offer €28/share of Cepsa and a dividend of €0.50/share will be paid to existing shareholders Cepsa is...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa