Repsol Eyes Sale Of $6B LNG Stake After Shell Deal Closes

Law360, New York (July 25, 2013, 6:07 PM EDT) -- Spanish oil conglomerate Repsol SA opened the door Thursday for the potential sale of its $6 billion stake in Gas Natural Fenosa, noting that it won't have much rationale for keeping the company in its portfolio once Repsol finalizes the sale of much of its liquefied natural gas portfolio to Royal Dutch Shell PLC.

In a conference call about the company's second-quarter results Thursday, CFO Miguel Martinez said there won't be much need to hold on to the Repsol's 30 percent stake in Gas Natural Fenosa...
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