Cepsa to buy Coastal for $2.2bn

Spanish oil company Cepsa has agreed to acquire Toronto-listed Coastal Energy in a deal worth about C$2.3 billion (US$2.21 billion), including the assumption of C$51 million of net debt.

Sale pending: Spain's Cepsa has agreed to buy Coastal Energy for about $2.21 billion
Sale pending: Spain's Cepsa has agreed to buy Coastal Energy for about $2.21 billion
Published 19 November 2013, 07:59Updated 11 October 2016, 13:30
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