Cepsa sells its stake in Spain's CHL to Borealis Infrastructure
Cepsa, an energy affiliate of Abu Dhabi's International Petroleum Investment Co, has sold its 9.15 percent stake in Compañía Logística de Hidrocarburos (CHL Group) to Borealis Infrastructure. No financial terms were disclosed. CHL is an oil product transportation and storage business based in Madrid. Cepsa said the sale forms part of its current optimization program. Borealis is the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS).
15 January 2016•2 mins read
