Repsol Working on Gas Natural Stake Divestment

Source Reuters
Company RepsolGas Natural Fenosa 
Tags Deal Rumours, Refining & Marketing Activities, Pipelines/ tankers/ distribution, Upstream Activities, Power
Date January 10, 2018

(Reuters) Spain’s Repsol is in talks to sell its 20% stake in utility Gas Natural to investment fund  CVC Capital Partners in a deal worth an estimated 4.1 billion euros ($4.9 billion), Expansion reported on Wednesday, without citing sources.

Repsol and Criteria Caixa, the holding company that owns Caixabank, agreed a near 4 billion-euro deal to each sell a 10 percent stake in Gas Natural to  Global Infrastructure Partners in September 2016.

Source: EvaluateEnergy® ©2018 EvaluateEnergy Ltd