Saturday 29 October 2016

Abu Dhabi IPIC sees assets grow 15pc

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 to take over Spanish refiner Cepsa

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


Abu Dhabi's IPIC buys $3.8bn stake in Spanish firm

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


IPIC drops plans to buy Spanish oil firm stake

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

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