Mubadala Mulls Private Sale of Cepsa Stake -Cinco Dias
10 December 2018 - 10:31PM
Dow Jones News
--Abu Dhabi's sovereign wealth fund Mubadala Development is
considering selling a 30% stake in Madrid-based oil-and-gas company
Cepsa through which it hopes to raise EUR2.1 billion, Cinco Dias
reports, citing sources.
--Alternative asset managers Carlyle, Apollo and Macquarie and
commodity trader Vitol are among the interested parties, Cinco Dias
says.
--Mubadala had intended to take Cepsa public via a partial
listing on the Madrid stock exchange but backed out of the plans in
October amid a broad-based selloff in equity markets.
Full story: https://bit.ly/2G6uNcM
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(END) Dow Jones Newswires
December 10, 2018 06:16 ET (11:16 GMT)
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