Cepsa

Relevant News Item 8th May 2023

Cepsa negotiates purchase of Ballenoil, leader in low-cost petrol stations

Cepsa, Spain’s second largest oil company, is in advanced negotiations for the acquisition of Ballenoil, the Spanish leader in the low-cost petrol station segment, with more than 200 fully automated service stations at present, according to EXPANSIÓN newspaper. The transaction, which could be worth between €200 and €300 million, takes place in the midst of rising fuel prices, a situation that has boosted the business of this type of establishment….

Companies, European economy, In Europe 27th April 2023

Técnicas Reunidas to develop southern Europe’s second largest 2-G biofuels plant for Cepsa in Huelva

Link Securities | Cepsa has awarded Técnicas Reunidas the contract to develop the engineering for the largest second-generation (2G) biofuels plant in southern Europe, which the company will start up together with Bio-Oils through an investment of up to €1 billion, in the La Rábida Energy Park (Huelva). The new plant, which will use agricultural waste and used cooking oils as feedstock, will have two pre-treatment units and a flexible…

European economy 2nd March 2023

Cepsa sells Abu Dhabi exploration and production business to TotalEnergies

Cepsa has sold its Exploration and Production business in the United Arab Emirates to France’s TotalEnergies. This comprises the transfer of Cepsa’s 20% interest in the Satah Al Razboot, Umm Lulu, Bin Nasher and Al Bateel well concession (SARB and Umm Lulu Operation) and the subsequent transfer of its indirect 12.88% interest in the Mubarraz concession through the sale of its shares in Cosmo Abu Dhabi Energy Exploration & Production…

Companies, In Europe, Relevant News Item 21st February 2023

Cepsa and ACE Terminal Rotterdam consortium to open green ammonia shipping corridor between Algeciras and Rotterdam

Norbolsa : The company has signed a memorandum of understanding with the ACE Terminal de Rotterdam consortium of companies by which the Spanish energy company has initiated a collaboration with the aim of reaching a binding agreement to facilitate the maritime transport of green ammonia between the port of Algeciras and the port of Rotterdam for its final use in industry. The ammonia can also be used directly by fertiliser…

Spanish economy 3rd February 2022

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…

Markets, Spanish Small & Mid Caps 6th March 2019

Caryle, Apollo, CVC And Macquare: In The Race For 30% Of Cepsa

The only shareholder in Cepsa (Mubalada Investment Company) has announced its intention to rid itself of part of its holding. It will do so through direct sale to one or more investment funds. Among those who could be interested are Carlyle, Apollo, CVC and Macquare. According to leaks the holding would reach 30% and be valued at 3 billion euros.

Cepsa to offer between 25% and 28.7% of its capital through an IPO

Markets, Spanish Small & Mid Caps 5th October 2018

Cepsa Returns To The stock Market At 13,1-15,1 €/Share And Forsees € 1.6 Bn in Dividends

Cepsa’s single shareholder, Mubadala (Abu Dhabi Sovereign Fund), expects to raise up to 2.019 billion euros for the capital of the oil company put up for sale, which implies a value for the company in the range of 7.010 – 8.085 billion euros (more than 11.2 billion euros if the debt is included).

Markets, Spanish Small & Mid Caps 19th September 2018

Cepsa Returns To The Stock Market: A Reasonable IPO About €8.9 Bn

Cepsa will be launched onto the stock market in the last quarter of the year through an IPO. Valuations are being discussed in the range of 10 or 11 billion euros for 100% of the company. The Abu Dhabi sovereign fund (IPIC) bought 100% of Cepsa in 2011. At that stage Cepsa was listed in the stock market for approximately 7.5 billion euros.

Ibex, Markets 1st February 2018

Cepsa, the new player who hopes to grab 10% of Spain’s electricity market tart

Cepsa wants to open up a gap for itself in the sector for commercialisation of residential electricity and gas, with the aim of grabbing a 1o% share over the coming years. It will thus become one of the four main operators along with Endesa, Iberdrola or Gas Natural Fenosa.

Ibex, Markets 17th January 2018

Cepsa Orders Its First Wind Turbines from Siemens Gamesa

Basque wind turbine manufacturer Siemens Gamesa will supply the turbines for Cepsa’s first wind farm in Jerez de la Frontera (Cádiz), the company said on Tuesday.

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