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BREAKING NEWS

UAE's Mubadala says Carlyle Group to buy 30-40 percent stake in Cepsa

UAE's Mubadala says Carlyle Group to buy 30-40 percent stake in Cepsa
FILE PHOTO: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato -
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ISSEI KATO(Reuters)
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ABU DHABI (Reuters) - U.S buyout firm Carlyle Group has agreed to buy a 30 to 40 percent stake in Spanish energy company Cepsa from Muabdala based on an enterprise value of $12 billion, the Abu Dhabi wealth fund said on Monday.

The deal is expected to close by the end of 2019 and final shareholding stakes of both parties will be confirmed then, state-owned Mubadala said.

Mubadala will remain the majority shareholder of Cepsa. Equity for this investment will come from Carlyle International Energy Partners I and II, Carlyle Partners VII, Carlyle Europe Partners V and co-investors, the statement said.

(Reporting by Stanley Carvalho, Editing by Sylvia Westall)

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