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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi to buy Spanish refiner Cepsa for $5bln

Posted on 21 February 2011

From Omantribune.com: Abu Dhabi sovereign wealth fund IPIC is buying half of Cepsa from French oil major Total for 3.7 billion euros ($5 billion), giving it control of the Spanish refining and marketing-focused group.
IPIC, wholly owned by the government of Abu Dhabi, has a mandate to invest in the oil sector outside the emirate……………………………………….Full Article: Source


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