- Further underscores Cepsa’s “Positive Motion” strategy announced in March 2022 and strengthens its commitment to lead the energy transition in Europe
The Transaction is subject to satisfaction of customary conditions precedent, including formalization of documentation and final approvals. The Transaction is to have an effective date of January 1st, 2023.
The Transaction achieves key objectives set out in Cepsa’s 2030 “Positive Motion” strategy advancing the group’s transformation into a leader in sustainable mobility, biofuels and green hydrogen in Spain and Portugal and a key benchmark in the energy transition. In furtherance of this goal, Cepsa has committed to invest €8 billion this decade.