IPIC expands into Europe through Cepsa acquisition
By Will Beacham on 16 February, 2011 in Uncategorised
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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