UAE's Mubadala says Carlyle Group to buy 30-40% stake in Cepsa

08/04/2019 Reuters

 

US buyout firm Carlyle Group has agreed to buy a 30 to 40 percent stake in Spanish energy company Cepsa from Mubadala based on an enterprise value of $12 billion, the Abu Dhabi wealth fund said on Monday.

 

The deal is expected to close by the end of 2019 and final shareholding stakes of both parties will be confirmed then, state-owned Mubadala said.

 

Mubadala will remain the majority shareholder of Cepsa. Equity for this investment will come from Carlyle International Energy Partners I and II, Carlyle Partners VII, Carlyle Europe Partners V and co-investors, the statement said.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.