Repsol Pulls In $540M From Sale Of Chilean Natural Gas Unit

Law360, New York (July 19, 2012, 5:43 PM EDT) -- Spanish energy firm Repsol SA will sell its Chilean natural gas unit to a consortium of Chilean investors led by Chilean fund manager LarrainVial SA for $540 million in cash, it said Thursday.

The company, which unveiled a plan to sell up to €4.5 billion ($5.52 billion) in assets over the next four years, said it will use $317 million of the proceeds from the sale of Repsol Butano Chile to pay off debt. It will pocket the remaining $170 million as net capital gain from...
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