The American company Carlyle has taken the lead to other asset management companies such as CVC, Apollo and Macquarie in the race to take up to 30% of the oil company Cepsa, owned by the Mubadala fund of Abu Dhabi, according to Reuters.
The amount of the operation would be close to 3,000 million euros, since 100% valuation of the company is about 12,000 million euros, according to the banks Merrill Lynch, Morgan, Citi and Santander that advised the oil company a few months ago to place almost 29% of its capital in the Stock Exchange. The fall of the markets in the second half of the year aborted this operation.
This valuation is 50% higher than it was in 2011, when Mubadala (then IPIC) took over 100% of Cepsa after acquiring 48.8% of the capital that was held by the French company Total for about 3,650 million euros. euros, so its valuation amounted to about 8,000 million euros. After winning 100%, Mubadala took Cepsa out of the stock market.