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Established: 1984
US$ Billion: 14
Origin: Oil
Firm Investment Style: Portfolio
Entity Structure: Corporate
Transparency Rating: n/a
Summary:
(IPIC) is the Abu Dhabi state enterprise which is responsible for all foreign investments in the oil and chemicals sector. It is based in Abu Dhabi, United Arab Emirates. Established in 1984 it is wholly owned by the Government of the Emirate of Abu Dhabi. The IPIC portfolio includes investments in Austria, Egypt, Pakistan, Spain, South Korea, UAE, Germany, Oman, Japan, and Portugal. Investments include downstream hydrocarbon operations, petrochemical plants, pipelines, power utilities, and shipping.
8/2/2009
Mitsubishi UFJ arranges $5 billion loan to International Petroleum Investment Co.
Khaleej Times reports that, "Mitsubishi UFJ Financial Group (MUFJ) has put together a syndicated loan worth five billion dollars for a sovereign wealth fund in Abu Dhabi, a report said Sunday.
Bank of Tokyo-Mitsubishi UFJ, part of the MUFJ group, has arranged the multibank credit for International Petroleum Investment Co. (IPIC), the business daily Nikkei reported, without citing sources.
The syndicate also involves 15 other banks, including Santander of Spain, HSBC Holdings Plc. of Britain and Sumitomo Mitsui Banking Corp of Japan, the report said."
read more: Khaleej Times
4/14/2009
NOVA Chemicals' Shareholders Approve IPIC Transaction
Press Release states, "NOVA Chemicals Corporation announced today that its shareholders passed a special resolution to approve an arrangement under the Canada Business Corporations Act involving, among other things, the acquisition by International Petroleum Investment Company (IPIC) of all of the issued and outstanding common shares of NOVA Chemicals for US$6.00 in cash for each common share. The special resolution was approved by approximately 98% of the votes cast by holders of common shares at NOVA Chemicals' annual and special meeting of shareholders. The transaction with IPIC is expected to close in the second quarter of 2009, following the receipt of all necessary court and regulatory approvals and the satisfaction of other customary conditions."
read more: Nova Chemicals' Press Release
3/22/2009
Abu Dhabi’s Aabar Investments to become a major Daimler shareholder - 9.1%
Press Release states, "Daimler increases the share capital by approx. 10% with exclusion of subscription rights of existing shareholders. After acquiring all new shares, Aabar will hold approx. 9.1% of the new share capital. The capital increase was approved by Daimler’s Supervisory Board today.
Aabar is an investment company headquartered in Abu Dhabi and is listed on the Abu Dhabi Securities Exchange. It directly invests in various sectors including energy, infrastructure, real estate, automotive and financial services companies. Its largest stakeholder is the International Petroleum Investment Company (IPIC), which in turn is wholly owned by the Government of the Emirate of Abu Dhabi."
read more: Aabar Press Release
4/10/2008
IPIC contemplates increasing stake in EDP Energias de Portugal, SA by 3%
"Abu Dhabi's state-owned International Petroleum Investment Company (IPIC), which announced the acquisition of a 2 pct stake in EDP Energias de Portugal, SA last night, is seeking to increase this holding to a maximum of 5 pct, Jornal de Negocios reported without naming a source. Jornal de Negocios note that both IPIC and state owned Algerian oil and gas group Sonatrach, which currently holds 2 pct of EDP, are interested in increasing their stakes ahead of the group's renewables IPO, slated for the first half of this year."
read more: Hemscott
International Petroleum Investment Company
**There are more investments than this over the 5% threshold
| Company |
Country |
Industry |
% Ownership |
Comments |
| Nova Chemicals |
Canada |
Chemicals |
100% |
|
| Borealis AG |
Austria |
Petrochemicals |
64% |
|
| Cosmo Oil Co. Ltd |
Japan |
Oil Refining & Marketing |
20.08% |
|
| OMV AG |
Austria |
Oil & Gas |
19.2% |
|
| Compania Espanola de Petroleos SA |
Spain |
Oil & Gas |
9.5% |
|
|
| Company |
Country |
Type |
% Ownership |
Comments |
| AIG Private Bank |
Switzerland |
|
100% |
Sold to Aabar for $254 million |
| Man Ferrostal |
Germany |
Private Stock |
70% |
Industrial |
| Hyundai Oilbank Co Ltd |
South Korea |
Joint Venture |
70% |
|
| Pak-Arab Refinery Limited (PARCO) |
Pakistan |
Private Stock |
30% |
Pipelines |
| Oman Polypropelene LLC |
Oman |
|
20% |
|
| Arab Petroleum Pipeline Company |
Egypt |
Private Stock |
15% |
Pipelines |
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1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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