Total spends more on Cepsa

Gibson, Jane
October 2006
ICIS Chemical Business;10/23/2006, Vol. 1 Issue 40, p10
Trade Publication
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.


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