Ipic takes Total's Cepsa stake
United Arab Emirates oil investor International Petroleum Investment Company (Ipic) has acquired France-based Total’s 48.83% stake in Spanish oil company Cepsa for €3.7 billion ($5.24 billion).
United Arab Emirates oil investor International Petroleum Investment Company (Ipic) has acquired France-based Total’s 48.83% stake in Spanish oil company Cepsa for €3.7 billion ($5.24 billion).