Gas Natural: Repsol could sell its stake.
(CercleFinance.com) - Gas Natural is down 0.
3% in Madrad today, while the Spanish oil group Repsol is considering a potential sale of its 20% stake in Gas Natural's capital, a stake worth 4.4 billion dollars, according to a Bloomberg article quoting closely related sources.
Bloomberg explains that via this deal the Spanish oil company would like to raise funds, which it could then invest in areas such as renewable energy.
According to Bloomberg, potential buyers include one or more investment funds. It is pointed out however, that no decision has been taken at present and that Repsol may still choose to keep its stake.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
3% in Madrad today, while the Spanish oil group Repsol is considering a potential sale of its 20% stake in Gas Natural's capital, a stake worth 4.4 billion dollars, according to a Bloomberg article quoting closely related sources.
Bloomberg explains that via this deal the Spanish oil company would like to raise funds, which it could then invest in areas such as renewable energy.
According to Bloomberg, potential buyers include one or more investment funds. It is pointed out however, that no decision has been taken at present and that Repsol may still choose to keep its stake.
Copyright (c) 2017 CercleFinance.com. All rights reserved.