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...
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