Salida a bolsa de CEPSA

Yo lo veo interesante la verdad, pero todo depende del precio.

A mi con Repsol me esta saliendo la jugada muy bien, la compre muy barata, y entre dividendos y lo bien que me salieron las compras el precio medio es de menos de 10 euros por acción. 

El problema que le veo tanto a CEPSA como a REPSOL es que dependen muchísimo del precio del barril de petroleo, y en nada nos podemos llevar grandes sustos. El modelo de negocio de las petroleras particularmente me gusta y creo que aún tienen recorrido y margen para dar buenos dividendos.

la salida es sólo para grandes fondos institucionales  y empleados

Buenas tardes yo lo veo también muy muy interesante
Es más si solo es para fondos , empleados y grandes fortunas es por que va a salir disparada arriba
Si lo hubieran hecho para las gacelillas tirarían el precio abajo
Un saludo y suerte a todos

Cepsa cotizaba en el mercado continúo hasta que en 2011 recibió una OPA de exclusión

https://www.businessinsider.es/6-claves-entender-inminente-salida-bolsa-cepsa-296571

Importante venta de Abu Dhabi, el 30%
S2

Yo veo decadencia en el petróleo, Repsol se pasa a lo eléctrico. No conozco los planes de cepsa ni sus datos más lo que sale en prensa, pero creo que cuando algo nuevo sale no te lo vende el mercado sino que te lo vende el dueño, y el ojo el amo engorda el caballo. Yo esperaría a ver qué dice de verdad el mercado.

http://www.expansion.com/empresas/energia/2018/09/30/5bb08b6b268e3ed24c8b45e4.html

Saludos

El prospecto se puede encontrar en el siguiente enlace: 

http://www.cnmv.es/portal/Consultas/Folletos/FolletosEmisionOPV.aspx?nif=A-28003119&fechaDesde=02/10/2018&fechaHasta=02/10/2018

Según confirman varios medios hoy, esa será la valoración inicial de la compañía que coincide con la que tenía cuando fue excluida de los mercados en el 2011. 

Yo por mi parte comprare un pequeño paquete para diversificar cartera, me quedare con Repsol y Cepsa como empresas petroleras.

Lo que se comenta siempre, son empresas que mientras no se diversifiquen en otros negocios dependerán casi al 100% del precio del Brent.

A fecha de 15/10/2018 Mubadala, fondo propietario del 100% de Cepsa,  pospone su proceso de admisión a negociación en las Bolsas de Valores Españolas por el estado actual de los mercados internacionales.

8 April, 2019 - Abu Dhabi, United Arab Emirates : Mubadala Investment Company, the Abu Dhabi-based strategic investment company, and global investment firm The Carlyle Group (NASDAQ: CG) have announced today that funds affiliated with Carlyle will acquire a significant minority interest in Compañía Española de Petróleos, S.A.U (Cepsa) from Mubadala. Headquartered in Madrid, Spain, Cepsa is Europe’s largest privately-owned integrated oil & gas company.

The transaction is subject to customary regulatory approvals and is expected to close by end 2019. The agreement marks the successful conclusion of a dual-track process through a public offering and private placement, conducted by Mubadala to bring in new partners as part of its portfolio management strategy. “We are pleased to have reached agreement with Carlyle and to have them partner with us as shareholders in Cepsa.

Carlyle is an established, respected and experienced investor with significant assets under management in the global energy sector”, said Musabbeh Al Kaabi, CEO, Petroleum & Petrochemicals, Mubadala.” “This represents an important milestone in Cepsa’s 90-year history. Mubadala has worked closely over the years with Cepsa’s management team to build a world-class fully integrated energy company.

We now look forward to working in partnership with Carlyle which has a significant track record and energy sector capabilities, and with Cepsa’s management to further enhance and grow the business. We share a common view about the strength and potential of Cepsa’s business and are confident in the company’s ability to continue its excellent operational and financial performance, which was reflected in the valuation we maintained throughout the process. Marcel Van Poecke, Head of Carlyle International Energy Partners, said: “We are delighted to partner with Mubadala and Cepsa’s management team through our commitment to invest in Cepsa which offers such strong potential and future opportunities in the global energy sector. We look forward to building upon Cepsa’s growth path for the benefit of their customers, suppliers and employees. Our team has an established track record with a combination of energy sector, financial and operational capabilities as well as experience across the energy value chain from upstream through downstream, refining and marketing.” At completion of the transaction, both parties’ final shareholding stakes will be confirmed. Mubadala will remain the majority shareholder of Cepsa. Equity for this investment will come from Carlyle International Energy Partners I & II, Carlyle Partners VII, Carlyle Europe Partners V and co-investors.

Cepsa is a household name and significant Spanish-headquartered integrated energy company that has evolved through a combination of organic growth and strategic acquisitions. It now operates assets across the full petroleum value chain, in more than 20 countries, delivering through-the-cycle earnings resilience and also operates in the renewables sector. The company’s assets include significant reserves contained in both the Umm Lulu and SARB fields located offshore Abu Dhabi. Cepsa is also a significant oil producer in Algeria and operates in Central and South America and South East Asia. Cepsa’s retail business includes an extensive network of service stations across the Iberian Peninsula and an integrated energy offering to Spanish consumers, covering liquid fuels, gas and electricity.

The company owns and operates two refineries in Spain and has committed significant capital to ensure they remain among the most efficient in Europe and well positioned to respond to the new IMO quality and emissions requirements when they take effect in January 2020.

Cepsa is also the global leader in the production of linear alkyl benzene (LAB), a key component in the manufacture of biodegradable detergents and the second largest producer of phenol and acetone; new investments in LAB manufacturing facilities aimed at strengthening its presence in the emerging markets of Asia