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Reuters reveals Spain’s Repsol in talks to sell 25% of oil and gas unit to EIG

Reuters exclusively reported that EIG is in early discussions with Repsol to buy a slice of the Spanish company’s oil and gas exploration and production business. The U.S. fund is seeking to purchase up to 25% of Repsol’s so-called upstream business, in a deal that would give the Spanish group cash for its plans to build clean energy capacities such as solar plants and wind farms.

The post Reuters reveals Spain’s Repsol in talks to sell 25% of oil and gas unit to EIG appeared first on Reuters News Agency.

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