Repsol, La Caixa Mull Selling 15% Stake in Gas Natural - Report

Date : 06/11/2012 @ 10:42PM
Source : Dow Jones News
Stock : Ypf Sociedad Anonima (YPF)
Quote : 24.91  0.7 (2.89%) @ 4:02PM

Repsol, La Caixa Mull Selling 15% Stake in Gas Natural - Report

Y P F Sociedade Anon (NYSE:YPF)
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Spanish oil company Repsol YPF SA (REP.MC, REPYY) and savings bank La Caixa are mulling the sale of up to a 15% stake in Gas Natural Fenosa SA (GAS.MC) in an attempt to set aside a financial cushion for Repsol in the event the oil company won't get a reasonable compensation following the expropriation of its Argentine unit YPF SA (YPFD.BA, YPF), reports Expansion in its Tuesday Internet edition.

La Caixa and Repsol together hold a 65% stake in Gas Natural and they're looking to keep a 50% stake in the gas company to keep their shareholders' agreement alive and maintain control over the company, the newspaper says.

Newspaper website: www.expansion.com

-Write to Enza Tedesco at enza.tedesco@dowjones.com

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