CLH owns and operates the Spanish refined oil pipeline network and is the leading provider of refined oil storage in Spain. It owns a network of pipelines exceeding 4,000km in length, 38 refined oil storage facilities and 28 airport facilities in Spain.

iCON led the acquisition of 10% of CLH in 2007 by Deutsche Bank and institutional investors. We subsequently led and arranged the follow-on acquisition of a further 25% of CLH in June 2008 by a group of investors including Deutsche Bank, PGGM, AIMCo and PSP Investments. iCON realised its interests in CLH in 2014.