IPIC expands into Europe through Cepsa acquisition

By Will Beacham on February 16, 2011 10:36 AM | No Comments | No TrackBacks
Abu Dhabi's IPIC has agreed to purchase Total's 48.83% stake in Spain's Cepsa, giving IPIC a 100% stake in the company. This consolidates IPIC's breakthrough into European refining and petrochemicals and is a significant move for the company. Cepsa is big in petrochemicals. More to follow.

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This page contains a single entry by Will Beacham published on February 16, 2011 10:36 AM.

Sibur's new investor speeds up asset sales, builds stake was the previous entry in this blog.

IPIC's Cepsa acquisition gives it a major European position in phenol and acetone is the next entry in this blog.

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