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

Total's happy ending

31 March 2009 By Fiona Maharg-Bravo

The Spanish bank sold its 32% stake in the oil company to Abu Dhabi. The French oil company, which owns a 49% stake in Cepsa, gains a friendly partner and effective control of the company. Santander took too long to sell the stake. But it managed a decent price in a dire market.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)