ARDIAN – PARTIAL SALE OF CLH
Pan-European private equity firm Ardian has announced the sale of a 10% stake in Spanish oil logistics company CLH to CVC. Ardian will retain 15% stake in CLH following the transaction. Financial details of the transaction have not been disclosed. CLH is the owner and operator of the largest Spanish oil products and storage network, with more than 4,000km of pipeline and 7 million m3 of storage capacity in Spain.