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


		World Kinect marine segment posts record quarterly gross profit amid bunker price volatility Marine division delivers its best-ever quarterly result as the conflict in the Middle East drives bunker price swings.

		Explora Journeys takes delivery of first LNG-powered ship in its fleet Explora III, delivered by Fincantieri in Genoa, marks the brand’s first LNG-fuelled vessel.

		ABS grants approval in principle for nuclear-powered 15,000-teu containership concept The concept design, developed with two Korean research institutes, features a marine molten salt reactor.

		T-SOL delivers first Japan-built methanol fuel supply system The system, which received ClassNK approval in principle in 2024, will be installed on a Kamsarmax bulk carrier.

		Rotterdam records 0.4% rise in total throughput for H1 2026 LNG throughput up 1.7% to 6.4m tonnes, with exports increase attributed partly to greater use of LNG as a marine fuel.

		Construction begins on LNG bunkering vessel for Shell Ceremony held for first of two 18,900-cbm vessels being built for Purus Marine.

		Monjasa seeks supply trader in Singapore Role focused on developing and maintaining supplier relationships for the firm's back-to-back operations.

		Monjasa hiring trader for Panama physical trading team Bunker firm looking for candidates with at least two years' experience in sales, trading, shipping, logistics, or similar commercial role.

		CIMC SOE and Sinopec Clean Energy sign contract for 12,000-cbm LNG bunkering vessel Vessel is scheduled for delivery in 2028 and will serve China’s coastal LNG bunkering network.

		S-Oil begins supplying B30 VLSFO from Ulsan South Korean refiner S-Oil enters the bio-bunkering market with a vertically integrated Ulsan supply chain.