IPIC to buy Total’s 48.8% stake in Cepsa, Total
Release Date: 2011-02-16
IPIC to buy Total’s 48.8% stake in Cepsa
Government-owned International Petroleum Investment Company (IPIC) of Abu Dhabi announced it has offered Euro 0.28 per share and a dividend of Euro 0.50 per share to existing shareholders to purchase French oil major Total’s 48.8% stake in Spain’s second largest oil company Cepsa. Prior to the deal IPIC already owned a 47.06% stake in the Spanish company.
Source: Focus Reports
| Type: | NORMAL |
| Company: | Total |
| Country: | 法国 |