TITLE

Total spends more on Cepsa

AUTHOR(S)
Gibson, Jane
PUB. DATE
October 2006
SOURCE
ICIS Chemical Business;10/23/2006, Vol. 1 Issue 40, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that France's Total has increased its stake in Spanish chemicals producer Cepsa, with the purchase of a stake from Banco Santander Central Hispano. The purchase of 11.6 million shares, at a price of € 4.54 per share, cost Total € 53 million. The move follows the ruling of a Dutch arbitration tribunal on a three-year dispute concerning the Cepsa stake. Total and Banco Santander are to ask the tribunal to terminate the arbitration proceedings.
ACCESSION #
22975281

 

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