Repsol CEO: Bought Stake From Sacyr At 5% Discount To Market
December 20 2011 - 5:07AM
Dow Jones News
Repsol YPF Chief Executive Antonio Brufau said Tuesday in Moscow
that the company bought back a 10% stake from Sacyr-Vallehermoso SA
(SYV.MC) at a 5% discount to the market price.
Brufau, who is in Russia to sign a joint venture with
Sweden-listed Alliance Oil Ltd. (AOIL-SDB.SK), said the buyback
agreement reflects a "very attractive price."
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495
232-9192, jacob.pedersen@dowjones.com
(William Mauldin in Moscow contributed to this article.)