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CM - Carlyle assembles new energy investments in Spain & Africa - October 2019
The Carlyle Group announced that it had completed the purchase of a 37% stake in Spanish integrated oil company Compañía Española de Petróleos (Cepsa) from Abu Dhabi sovereign wealth fund Mubadala Investment Co. in a private transaction. Mubadala will retain a 63% stake in Cepsa, which is Europe’s largest privately owned integrated energy company. In April, Carlyle said the deal was based on an enterprise value for Cepsa of $12 billion. Earlier in the......
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