Deals
Abu Dhabi Is Planning the Biggest Oil IPO in a Decade
- Mubadala proceeding with public offering instead of M&A bid
- Madrid-based oil company is set to list on Spanish exchanges
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Abu Dhabi is pushing ahead with an initial public offering for Spanish oil company Cia Espanola de Petroleos SAU, in what could be the largest such deal in a decade.
The emirate’s Mubadala Investment Co. will offer a stake of at least 25 percent in Cepsa in the fourth quarter, the state-owned investor said Monday in a statement. The Madrid-based refiner will list on Spanish exchanges.