CEPSA Reportedly Seeks Listing For About €3 Billion
September 11, 2018 at 12:00 am EDT
Compañía Española de Petróleos, S.A.U. (CEPSA) is seeking financing. Mubadala Investment Company pushes ahead with an initial public offering for CEPSA, in what could be the largest such deal in a decade. CEPSA could announce the IPO as early as next week, pending final approval from the emirate’s rulers, the people said. CEPSA could raise about €3 billion ($3.5 billion) from selling a portion of its shares, people familiar with the plans said previously. Representatives for Mubadala and CEPSA declined to comment.