Arab, Asian investors said keen on Repsol stake
2012-10-29 11:51:54
Investors from Saudi Arabia, Algeria, Singapore, Hong Kong and Qatar are sounding out the main shareholders of Spanish oil company Repsol SA (REPYY, REP.MC) to buy a 20% stake, reports Expansion in its Monday Internet edition, citing people close to the negotiations.
These shares would come from the company's treasury stock, which amounts to 5% of Repsol; from shares held by Sacyr-Vallehermoso SA (SYV.MC) and other shareholders; and from a possible capital increase, the newspaper adds.
La Caixa is Repsol's largest shareholder with a 12.5% stake, followed by Sacyr with a 9.7% stake and Petroleos Mexicanos, or Pemex, with a 9.4% holding.