French firm, AXA Private Equity, has acquired a 10% stake in Spanish oil storage and transportation specialist, Compañía Logística de Hidrocarburos (CLH), AltAssets reports. Spanish service station operator, DISA, sold the stake to AXA. The financial terms of the deal have not been disclosed but CLH is estimated to be valued at about €3.6 billion. The stake has been bought for AXA’s new infrastructure fund. Energy group, Compañía Española de Petróleos, holds a 14.5% stake in CLH.
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