Abu Dhabi's International Petroleum Investment Company (IPIC), which owns stakes in energy majors OMV and Cepsa, saw its assets rise 15 per cent in 2010, the government fund said in a statement.
IPIC, which is fully owned by the govern
Abu Dhabi sovereign wealth fund Ipic is buying half of Cepsa from French oil major Total for 3.7 billion euros ($5 billion), giving it control of the Spanish refining and marketing-focused group.
Ipic, wholly owned by the government
Spain's Santander has agreed to sell its 32.5 percent share in Spanish oil company Cepsa to Abu Dhabi fund IPIC at 33 euros per share or about 2.87 billion euros ($3.80 billion).
Cepsa is a petrochemical and refinery group with a large
Abu Dhabi fund IPIC has abandoned talks to buy 36 per cent of Spanish oil group Cepsa from Banco Santander and Union Fenosa, daily El Economista said on Friday, citing sources involved in the talks.
Cepsa and Banco Santander declined to co