Repsol Confirms CVC Interest in its Gas Natural Stake
January 10 2018 - 6:16AM
Dow Jones News
By Alberto Delclaux
Spain's Repsol SA (REP.MC) said Wednesday that it had received
several expressions of interest for its 20% stake in Gas Natural
SDG SA (GAS.MC), including one from CVC Capital Partners Ltd
(CVC.YY), responding to media speculation over a possible
sell-off.
The oil-and-gas company said that the expression of interest
from CVC was at a preliminary phase and that no legal or financial
advice has been sought or any agreement reached. The company's
stake in Gas Natural is valued at 4.2 billion euros ($5 billion) at
current market prices, according to FactSet.
In September 2016, Repsol sold a 10% stake in Gas Natural to
Global Infrastructure Partners LLC (GIP.XX), which also acquired
10% from other major shareholder Criteria Caixa, holding company of
Caixabank SA (CABK.MC).
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
January 10, 2018 06:01 ET (11:01 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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