Borealis Infrastructure to acquire 24.15 pct stake in CLH Group
Borealis Infrastructure has confirmed its previously announced acquisition of a stake in Compañía Logística de Hidrocarburos (CHL Group), a Spanish oil products transportation and storage business, from Cepsa. It also announced an agreement to buy the CHL stake currently owned by Global Infrastructure Partners. No financial terms were disclosed for either purchase, which will give Borealis a combined 24.15 percent interest in CHL. Borealis, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), said the deals mark the firm's first investment in Spain and add to its European infrastructure portfolio.
28 January 2016•3 mins read
