01.02.16. Borealis Infrastructure is buying a 24.15 percent stake in Spain’s Compania Logistica de Hidrocarburos (CLH) from Cepsa and Global Infrastructure Partners.
Borealis is a direct infrastructure investor managing a diversified global portfolio on behalf of OMERS, one of Canada’s largest pension funds.
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.
In Spain, CLH owns a network over 4,000 km of pipelines and 40 storage facilities. The company also owns and operates the main fuel pipeline and storage network in the UK, with over 2,000 km and 16 storage facilities.
The acquisition of Cepsa’s 9.15 percent stake was completed on 11 January and the acquisition of GIP’s 15 percent stake is expected to close during the first quarter.

1st February 2016