The Carlyle Group has agreed to buy 30-40% of Madrid-based Cepsa from Abu
Dhabi’s sovereign fund Mubadala Investment Co. The investment group said the
transaction assigned Cepsa an enterprise value of $12 billion, implying payment of $3.6-
4.8 billion for the minority
stake. Founded in 1929
and acquired by Mubadala
in 2011, Cepsa is Europe’s largest privately held integrated oil and gas company. The
transaction is expected to be completed by YE19.
The transaction comes after Mubadala gave up on plans to......
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