IHS Chemical Week

Regions :: Middle East

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.


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

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


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

ihsCopyright © 2015 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