Cepsa wants to sell its chemical arm for €3.5 B (8,1x Ebitda); a high valuation which applied to Repsol’s chemical division would value it at €10 B

Renta 4 | Cepsa is putting its Chemical division up for sale for 3.5 billion euros. The Spanish oil company, controlled by Mubadala and The Carlyle Group, has given the green light to the transaction. Citi and Linklaters are advising on the deal. Advent International y Apollo Global Management are amongst the leading candidates for acquiring the division, along with CVC, Platinum Equity, Lone Star and Rhône Capital. The Indian conglomerate…

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Ferrovial to construct in Spain 325km-gas pipeline network for Endesa

MADRID | Ferrovial announced its construction subsidiary Ferrovial Agroman has been awarded several contracts to build 325 kilometres of gas pipeline in Spain for Endesa Gas. The contracts are worth €35 million in total. From 2012 until 2014, Ferrovial Agroman will build gas pipelines in the regions of Valencia, Castilla y León and the Balearic Islands. The infrastructure company said Ferrovial Agroman will execute 75 kilometres of gas pipeline in Alicante. In Castilla…