PE firm Advent to buy Ocensa oil pipeline stake for $1.1 bln: WSJ -- Reuters

U.S. private equity firm Advent International will buy a minority stake in Colombia's Ocensa oil pipeline for US$1.1 billion from Canadian oil firm Talisman Energy Inc, France's Total SA and Madrid-based Cepsa, the Wall Street Journal reported citing people familiar with the matter. Under the agreement, Advent will get a 22 percent stake in one of the largest oil pipelines in Colombia by capacity, the Journal reported. Apart from Advent, TransCanada Corp and Enbridge Inc were also interested in buying the minority stake in Ocensa.

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