IPIC Pays EUR3.3bn To Increase Cepsa Stake

Abu Dhabi state-owned investment group International Petroleum Investment Company (IPIC) has increased its equity holding in Spanish integrated oil company Compañía Española de Petróleos (Cepsa) to around 47% after acquiring Banco Santander's 32.5% stake in the company for around EUR2.8bn (US$3.8bn).

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