Ocensa plans financing for minority interest buy by Advent-led group

By Sara Rosenberg

New York, Dec. 10 - Oleoducto Central SA (Ocensa) has received a financing commitment to fund the purchase of a roughly 22% interest in it by Advent International, Sociedad Administradora de Fondos de Pensiones y Cesantias Porvenir SA and Administradora de Fondos de Pensiones y Cesantia Proteccion SA, according to a news release.

Banco Itau BBA SA, Citigroup Global Markets Inc. and Natixis are leading the financing.

The minority interest is being acquired from Talisman Energy Inc., Total Colombia Pipeline and Compania Espanola de Petroleos SAU.

Cenit SAS will retain majority ownership of Ocensa.

Closing on the transaction is expected to take place in the next few weeks, subject to customary conditions.

Ocensa is Colombia's largest crude oil transportation system.

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