Canada's OMERS sells 25% stake in Spanish energy logistics firm Exolum

LONDON, May 22 (Reuters) - Canadian pension ​fund OMERS has agreed to sell its 25% stake in Spanish energy logistics company Exolum to European real assets investment firm Stoneshield Capital and another investor.

The following details are from a joint statement on Friday:

  • Stoneshield will buy a 15% stake in Exolum, after having acquired close to 5% in January. The second investor, which was not named, will acquire the remaining 10% from OMERS.

  • Financial terms were not disclosed. In December, OMERS carried out a €770 million refinancing of its Exolum stake.

  • Exolum, which transports, stores and distributes refined oil products, bulk liquids and aviation fuels, owns a 6,000 km (3,728 mile) pipeline network in Spain and Britain.

  • It serves more than 48 airports and has over 2,300 staff.

  • The deal is expected to close in the third quarter of 2026, subject to conditions and regulatory approvals.


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