Borealis Infrastructure to invest in CLH

On January 27, 2016, Borealis Infrastructure announced that it agreed to acquire a 24.145% stake in Compañía Logística de Hidrocarburos (CLH) from Companía Espanola de Petroleos SAU (Cepsa) and Global Infrastructure Partners. The transaction marks Borealis Infrastructure's first investment in Spain, and adds to its European infrastructure portfolio in the UK, Germany, Sweden, Finland and the Czech Republic.

CLH is the leading company for refined oil products transportation and storage in Spain, where it owns and operates a network of over 4,000 km of pipelines and 40 storage facilities.

Through its Borealis Infrastructure and OMERS Private Equity arms, OPM invests globally in infrastructure and private equity assets on behalf of the OMERS pension plan, one of Canada's largest pension funds with net assets of C$72 billion.

Cepsa is an energy group fully owned by International Petroleum Investment Company (IPIC), engaged in petroleum and natural gas exploration and production activities, refining, transport and sale of crude oil and natural gas derivatives, biofuels, co-generation and electricity sales.

GIP is an independent infrastructure fund that invests worldwide in infrastructure assets and business in both OECD and select emerging market countries.

Further information can be found on Borealis' website.