M&A Deal Summary

Minerva Bunkering Acquires CEPSA Panama SA

On December 17, 2019, Minerva Bunkering acquired transportation company CEPSA Panama SA from CEPSA

Acquisition Highlights
  • This is Minerva Bunkering’s 1st transaction in the Transportation sector.
  • This is Minerva Bunkering’s 1st transaction in Panama.

M&A Deal Summary

Date 2019-12-17
Target CEPSA Panama SA
Sector Transportation
Buyer(s) Minerva Bunkering
Sellers(s) CEPSA
Deal Type Divestiture

Target

CEPSA Panama SA

Panama City, Panama
CEPSA Panama SA is a provider of physical bunkering solutions. CEPSA Panama is based in Panama City.

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Buyer(S) 1

Buyer

Minerva Bunkering

Geneva, Switzerland

Category Company
Founded 1995
Sector Transportation
DESCRIPTION

Minerva Bunkering (Pte) Ltd. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. Minerva Bunkering was founded in 1995 and is based in Geneva, Switzerland.


DEAL STATS #
Overall 1 of 2
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Panama M&A 1 of 1
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Bomin Bunker Oil

Houston, Texas, United States

Bomin Bunker Oil is a physical supplier of marine fuels with operations in Houston and surrounding US Gulf ports, Norfolk, Virginia, Panama (both Balboa and Cristobal) and Ecuador. Bomin Bunker Oil is based in Houston, Texas.

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Seller(S) 1

SELLER

CEPSA

Madrid, Spain

Category Company
Founded 1929
Sector Oil/Gas Exploration
DESCRIPTION

CEPSA is a multinational oil and gas company. CEPSA is engaged in petroleum and natural gas exploration and production, with interest in several blocks across four countries: Spain, Algeria, Colombia, and Peru. CEPSA was founded in 1929 and is based in Madrid, Spain.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Panama M&A 1 of 1
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 IS-XXI

Bilbao, Spain

Intrasport Service XXI S.L. is a company focuses on the management of fuels which, by providing iS-XXI card, offers lower fuel prices for hauliers. Intrasport Service XXI is based in Bilbao, Spain.

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