Repsol sells stake in piped gas business for €136million
Repsol has sold its piped gas business in the north of Spain to EDP Group and Gas Extremadura for €136million.
Spain
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Repsol said to consider options for its gas natural stake
Repsol SA, Spain’s biggest oil company, is exploring options including a sale of part or all of its stake in Gas Natural SDG SA to shore up its balance sheet amid low oil prices, according to people familiar with the matter. Repsol, whose 30 percent stake in the Spanish natural gas distributor is valued at about 5.2 billion euros ($5.9 billion), is discussing potential deal structures with advisers, the people said, asking not to be identified because the discussions are private. As well as a full or partial sale, which could come as soon as this year, options include selling shares in the market and finding partners to join Gas Natural’s shareholder structure, the people said.
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Repsol buys Talisman Energy in $8.3billion takeover deal
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