UAE’s IPIC buys 37.5% stake in Spanish refiner Cepsa

摘要

London—Spain’s largest bank Santander and utility Union Fenosa said March 31 they have agreed to sell their combined 37.5% stake in Spanish refiner Cepsa to International Petroleum Investment Company (IPIC), the state fund of the UAE’s Abu Dhabi, for some Eur3.31 billion ($4.12 billion).