Mubadala’s CEPSA Sells Medgaz Pipeline Stake

Posted on 10/15/2019


Mubadala Investment Company, through Compañía Española de Petróleos, S.A.U. (CEPSA), agreed to sell its 42.09% stake in the Medgaz pipeline to Spain’s Naturgy Energy Group S.A. and Algeria’s Sonatrach. This submarine pipeline transports natural gas from Algeria to Spain. Post-transaction, Sonatrach will be the main shareholder with a 51% stake, while Naturgy will hold the […]