IPIC’s acquisition of the remaining 48.83% stake in Cepsa gives it a major footprint in phenol and acetone in Europe. It will also acquire an interest in Cepsa’s Canada operations, also listed below. We will try to find out more about what this means for Cepsa’s operations. Cepsa operates the following manufacturing plants in chemicals […]
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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.