CEPSA sells 5% of its stake in CLH

Tue 17 Dec 2013, 15:32 GMT

CEPSA sells 5% of its stake in CLH

Spanish oil firm in deal to sell 5% of its shareholding in Compañía Logística de Hidrocarburos (CLH) to private investment company Ardian.

Spanish oil firm Compañía Española de Petróleos, S.A.U. (CEPSA) has agreed to sell 5 percent of its stake in Compañía Logística de Hidrocarburos (CLH) to the independent private investment company Ardian.

After the sale, CEPSA says it will still hold a 9.15 percent stake in CLH and will keep two representatives on the Board of Directors, who will be appointed once the transaction has been concluded.

Pedro Miró, CEO of CEPSA, remarked: "CLH has always been an important investment for CEPSA. We are satisfied with our involvement and believe our holdings will be sufficient to fulfil our objectives. CEPSA is focusing its efforts on the Exploration and Production area, and the company's interests are adequately represented in the Spanish fuel storage and distribution company."

The deal is set to be closed at the end of 2013.

Banco Bilbao Vizcaya Argentaria (BBVA) Bank has been acting as advisor in the transaction.

Deal Spain


		New Times Shipbuilding launches two LNG dual-fuel crude oil tankers for Maran and Capital Ship Two 155,500-dwt LNG dual-fuel tankers floated out for Greek shipping groups.

		Naming ceremony held for Huangpu Wenchong's first methanol dual-fuel bulkers Two 65,000-tonne vessels built for Limassol-based Lemissoler Navigation.

		Damen launches second CSOV 9020 for TSSM, prepared for future methanol operation The vessel, to be named TSS Challenger, is due for delivery in early 2027.

		Seaspan Energy completes 150th LNG bunkering operation Canadian LNG bunker supplier reaches milestone in under two years since launching ship-to-ship operations.

		Burando Energies claims 30% share of Rotterdam biofuel bunker market in H1 2026 Dutch bunker supplier says regulatory framework makes Rotterdam the most cost-effective port for biofuel compliance in Europe.

		BGN launches marine bunkering business on US Gulf Coast Shipping company BGN enters retail marine fuels supply, partnering with Centerline Logistics to serve the US Gulf Coast.

		Rotterdam bunker volumes fall 25% in first half of 2026 amid regulatory pressures and market shifts Fossil fuel sales slump as alternative fuels grow, with RED III cited as a key driver.

		Avenir LNG marks keel laying of newbuild LNG bunker vessel in China Ceremony held to signal the formal start of the vessel's construction at CIMC SOE.

		World Fuel seeks operations support representative in Dubai for marine fuels role Company looking for detail-oriented person with strong organizational skills who is able to manage multiple priorities.

		Monjasa moves to new Limassol office in regional 'commitment' Bunker firm relocates to third office since establishing a presence in Limassol a decade ago.