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English Español The Carlyle Group completes acquisition of stake in Cepsa

Carlyle acquires a 37% stake in Cepsa; Mubadala to remain majority shareholder in Europe’s largest privately-owned integrated energy company.



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Mubadala Investment Company, the Abu Dhabi-based sovereign investor, and global investment firm The Carlyle Group have completed the transaction announced in April.

Funds affiliated with Carlyle have acquired 37% shareholding in Compañía Española de Petróleos, S.A.U (Cepsa) from Mubadala in a deal worth €4 billion.

Philippe Boisseau will take over from Pedro Minó has the new CEO of Cepsa. Boisseau is a seasoned industry leader with an extensive track record of over 30 years, notably with the Total Group, where he served in senior leadership roles in France, the Middle East, the United States and Argentina.

“I want to thank Pedro Miro, especially, for his long and dedicated service to Cepsa. He has played a vital role in developing Cepsa in recent years to become one of Spain’s leading companies and a business that is looking strong for the future,” said Musabbeh Al Kaabi, CEO, Petroleum & Petrochemicals, Mubadala, and Chairman of Cepsa.

The composition of Cepsa’s Board of Directors reflects the new shareholding, with Mubadala entitled to appoint five members to the Board, including its chairman, and Carlyle to appoint three members. In addition, there will continue to be one independent member and the company’s Chief Executive Officer will complete the board’s composition.

Cepsa’s retail business includes an extensive network of service stations across the Iberian Peninsula and an integrated energy offering to Spanish consumers, covering liquid fuels, gas and electricity.

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