Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Mercado Continuo Espanol  >  Repsol SA    REP   ES0173516115

REPSOL SA (REP)

End-of-day quote. End-of-day quote  - 07/01
11.675 EUR   +2.32%
07/01 REPSOL : announces the implementation of the Six Cycle of the Share ..
06/30 REPSOL : Iran Sells 1 Million Barrels Of Crude To Repsol
06/28 REPSOL : Spains Repsol buys 1 million barrels of oil from Iran
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Spain's La Caixa Plans Repsol-Gas Natural Merger -Report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/27/2012 | 02:33am CEST

Spanish savings bank La Caixa, the largest shareholder of Spanish oil company Repsol YPF SA (REP.MC, REPYY) and of Gas Natural SDG SA (>> Gas Natural SDG SA), is planning a merger between the two companies to prevent either one from becoming a takeover target, following the nationalization of Repsol's Argentine unit YPF SA (YPFD.BA, YPF), reports Cinco Dias in its Friday Internet edition.

La Caixa, which holds a 12.8% stake in Repsol and a 35%.3% in Gas Natural, is pondering either a tie-up of the two firms or even the sale of Repsol's 30% stake in Gas Natural to protect its unit from hostile bids, the paper adds, citing unidentified sources.

If Repsol were to sell its stake in Gas Natural it could then use the proceedings to buy a medium size oil company, such as GalpEnergia (>> GALP ENERGIA-NOM), to partly offset what it lost with the nationalization of YPF.

Newspaper website: www.cincodias.com

-By Enza Tedesco, Dow Jones Newswires; enza.tedesco@dowjones.com

Stocks mentioned in the article : Gas Natural SDG SA, GALP ENERGIA-NOM
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on REPSOL SA
07/01 REPSOL : announces the implementation of the Six Cycle of the Share Acquisition ..
06/30 REPSOL : Iran Sells 1 Million Barrels Of Crude To Repsol
06/28 REPSOL : Spains Repsol buys 1 million barrels of oil from Iran
06/27 REPSOL : Sinopec sues Repsol SA
06/27 GUYANA : Exxon appraisal well finds large oil, gas deposits
06/26 BP : NIOC, Repsol seal oil sale deal
06/26 REPSOL : Spain Buys One Million Barrels Oil from Iran
06/25 REPSOL : Spain's Repsol Inks Contract to Import 1mln/bpd of Iran's Oil in July
06/25 REPSOL : Spain’s Repsol, Iran sign 1 million barrel oil contract
06/21 REPSOL : Spains Repsol faces $5.5bn claim from Chinese firm
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials