UAE sovereign wealth fund preparing for divestment of Cepsa stake
Abu Dhabi’s financial holding company Mubadala Investment Co. is close to hiring Rothschild & Co. to help divest a stake in Cepsa Trading SA, a Spanish oil company valued at about 10 billion euros ($12 billion), according to people with knowledge of the matter.
Mubadala is also interviewing more banks for roles in assisting with a sale or initial public offering for the wholly owned asset, the people said, declining to be identified as the deliberations are confidential. The listing in Madrid would be a preferred option, they said.
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