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According to the Emirates News Agency, according to the deal, Carlisle will acquire a stake between 30% and 40% in Cepsa, which is the largest private company in the field of oil and gas operations at the level of The European continent, and is expected to be completed by the end of 2019.
Mubadala had followed a strategy to sell this stake in Cepsa by adopting two main options, the first represented by offering a public offering in the money market in Madrid, and the second by seeking to conclude a deal Especially with a potential partner.
Musabeh Al-Kaabi, CEO of Petroleum and Petrochemicals in Mubadala said: We are happy with this agreement with Carlyle and its joining us as a partner in Cepsa, especially since Carlyle has a distinguished reputation as an investment company. Global manages huge investments in the global energy sector.
Al-Kaabi added: This deal is a new milestone in the Cepsa’s 90-year journey, where Mubadala has worked during the past years with the Cepsa team to build a company specializing in the field of energy. Integrated .. We look forward to joining Carlisle, who has a long experience in the energy field, as a partner in Cepsa, to work with its management team towards the promotion, development and development of the company.
In turn, Marcel Van Buecky, President of Carlyle International Energy Partners, said: “We are delighted to partner with Mubadala and the executive management team at Cepsa through our commitment to invest in Cepsa, which It has promising future capabilities and opportunities in the global energy sector .. We look forward to working together to promote the Cepsa growth path in a way that benefits its customers, suppliers and employees .. Our team has a track record of achievements and has distinct capabilities in the financial and operational fields of the energy sector, and extensive experience in the exploration, production and refining sectors And marketing.
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