VOL. XXXII

NO. 25

27-MARCH-1989

UAE

IPIC's Stake in CEPSA Rises to 12%

The Managing Director of Abu Dhabi's International Petroleum InvestmentCompany (IPIC), Mr. Khalifah Muhammad al-Shamsi, has disclosed that IPIC hasraised its stake in the Spanish refining group, CEPSA from 10% to 12%. The acquisition of a further 2% stake in CEPSA came about by equity-buying on theMadrid Stock Exchange. In an interview with Platt's Oilgram News, Mr. Shamsisaid that the IPIC board of directors is scheduled to...