We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Fresh start

16 February 2011 By Fiona Maharg-Bravo

IPIC, the Gulf state’s fund, is buying Total’s 49 pct stake in Cepsa for 3.7 bln euros, taking its holding in the Spanish oil firm to over 95 pct. The move fits with the French group’s strategy to reduce its exposure to oil refining. IPIC’s motives are less clear.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)