Mubadala To Hire Rothschild For Cepsa Stake Deal
Bloomberg Businessweek Middle East|16 April, 2018

UAE sovereign wealth fund preparing for divestment of Cepsa stake

Dinesh Nair, Manuel Baigorri & Ruth David
Mubadala To Hire Rothschild For Cepsa Stake Deal

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.

This story is from the 16 April, 2018 edition of Bloomberg Businessweek Middle East.

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This story is from the 16 April, 2018 edition of Bloomberg Businessweek Middle East.

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