[ad_1]
Register now for FREE unlimited access to Reuters.com
MADRID, Sept 7 (Reuters) – Spanish energy company Repsol (REP.MC) said on Wednesday it has agreed to sell a 25% stake in its oil and gas exploration and production business to U.S. fund EIG for $4.8 billion including debt.
The process started with an unsolicited offer from EIG, sources told Reuters earlier this year. read more
The deal values the whole unit at $19 billion, Repsol said in a statement.
($1 = 1.0113 euros)
Register now for FREE unlimited access to Reuters.com
Reporting by Isla Binnie, editing by Inti Landauro
Our Standards: The Thomson Reuters Trust Principles.
[ad_2]
Source link