Repsol : A possible disposal of 25% of its E&P assets makes sense and offers upside
>Crystallising value makes sense for Repsol - According to Reuters, the US fund EIG is interested in acquiring 25% of Repsol's E&P assets. No offer has been formally made at this stage, but this business is estimated to be worth between $ 14bn and $ 18bn. This potential move would make sense in that Repsol is looking to offload assets and crystallise value, as it announced clearly last year, and it hopes to scale back its overall geographic exposure which has dropped ...Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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