Funds affiliated with The Carlyle Group will acquire 30-40% of the Spanish integrated oil, gas, and chemical company Cepsa from sole shareholder Mubadala Investment Co. of Abu Dhabi.
In a statement, the companies said the deal is “based on an enterprise value of $12 billion.”
Cepsa has interests in 175,000 boe/d of oil and gas production in Algeria, Peru, Colombia, Abu Dhabi, Thailand, and Malaysia; operates three refineries in Spain; and produces chemicals in Spain, Canada, Brazil, Indonesia, Germany, and China.
Mubadala said it will remain majority shareholder.
