Repsol YPF : , S.A. sale of shares in Gas Natural (sólo disponible en inglés)
February 23, 2018 at 01:12 pm EST
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Official Notice
Repsol International Finance, B.V.
Koninginnegracht 19 Tel. 31 703141611
The Hague 2514- AA
The Netherlandswww.repsolinternationalfinancebv.com
The Hague, February 23, 2018
In accordance with Article 14 of Law of 9 May 2006, on market abuse, Repsol International Finance, B.V. (the "Company") is filing the attached official notice published by Repsol, S.A., the Guarantor of the Company´s Euro 10,000,000,000 Guaranteed Euro Medium Term Note Programme, relating to the sale of its shares in Gas Natural SDG, S.A.
The official notice was filed yesterday by Repsol, S.A. with the Spanish Securities Market Commission (Comisión Nacional del Mercado de Valores).
* * *
Repsol, S.A.
Tlf.:+34 917 538 100
C/Méndez Alvaro, 44
+34 917 538 000
28045 Madrid
Fax:+34 913 489 494
repsol.com
Official Notice
Madrid, 22 February 2018
Repsol, S.A. ("Repsol") has today reached an agreement with Rioja Bidco Shareholdings, S.L.U. ("Rioja"), a company controlled by funds advised by CVC, to sell 200,858,658 shares of Gas Natural SDG, S.A. ("Gas Natural"), which amount to, approximately, 20.072% of the share capital of Gas Natural (the "Shares"), for a total consideration of EUR 3,816,314,502, which corresponds to a price of EUR 19 per share. The consolidated capital gain generated for Repsol Group through the transfer of this block amounts to, approximately, EUR 400 million.
Closing of the sale of the Shares is conditional upon the fulfilment of the following conditions:
(i) granting in no more than six months, from the signing of the agreement, of the mandatory authorisations by the competent authorities in Mexico, South Korea, Japan and Germany regarding the concentration transaction that in those market entails the transfer of the Shares;
(ii) the lack of opposition, express or tacit, by the Irish Central Bank regarding the indirect acquisition of a significant stake in the entity Clover Financial & Treasury Services Ltd. in the same period no longer than six months; and
(iii) the execution by Rioja of a shareholders agreement with Criteria Caixa, S.A.U. and GIP III Canary 1 S.à r.l. no later than 22 March, as well as the appointment, no later than the transaction closing date, of 3 people designated by Rioja as members of the board of Gas Natural replacing the three representative that Repsol currently has in the Board of Directors of Gas Natural.
Repsol SA published this content on 23 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 February 2018 18:11:15 UTC.
Original documenthttps://www.repsol.energy/imagenes/global/es/HR_23022018_repsol_sale_shares_gas_natural_RIF_tcm13-123104.pdf
Public permalinkhttp://www.publicnow.com/view/55AA882D85D0412FE50CF40CC1B8B58D2BA09582
Repsol S.A. is one of the largest oil and gas groups in Spain. The activity is organized into four sectors:
- refining and distribution (No. 1 in Spain): 42.1 million tons of crude oil refined in 2022 and 25.5 million tons of oil products sold (kerosene, gasoline, fuel oil, gas liquefied petroleum gas, etc.). At the end of 2022, the group operated 6 refineries located in Spain (5) and Peru and a network of 4,651 service stations located in Spain (3,304), Peru (567), Portugal (515) and Mexico (265). Repsol S.A. also sells lubricants, aviation fuels, bitumen and specialty products (7,261 Kt sold in 2022), liquefied petroleum gas (1,207 Kt sold) and petrochemicals (2.5 Mt of products sold);
- production of electricity and distribution of natural gas: 8,734 Gwh of electricity generated from renewables energy and 1,650 Gwh of gas sold in 2022;
- liquefaction, transportation and regasification of natural gas;
- exploration and production of oil and natural gas: 550,000 barrels of hydrocarbons produced per day in 2022.
Net sales are distributed geographically as follows: Spain (57.9%), Peru (7.2%), the United States (5.7%), Portugal (4.6%), and other (24.6%).