Deals Rumor Mill: Repsol, Lloyds, Total

Law360, New York (September 17, 2013, 2:40 PM ET) -- Global energy player Repsol SA is preparing to sell a $6.1 billion stake in Spain's biggest natural gas distributor to free up resources for U.S. acquisitions, Bloomberg reported on Tuesday. In the prospective sale, the Spanish company would unload its 30 percent stake in Gas Natural SDG SA sometime next year. Repsol has struggled to build momentum for sought-after U.S. expansion after the Argentinian government seized one of the company's units last year, an unexpected move that stymied plans for stateside expansion.

Investors had a healthy...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers