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Repsol to sell Gas Natural stake to Global Infrastructure Partners for $4.3B

Sep. 12, 2016 4:57 PM ETRepsol, S.A. (REPYF) StockREPYY, REPYFBy: Carl Surran, SA News Editor
  • Spain's Repsol (OTCQX:REPYF, OTCQX:REPYY) and Criteria Caixa agree to sell a combined 20% stake in Gas Natural to Global Insfrastructure Partners for €3.8B ($4.3B).
  • Criteria, the industrial holding company that owns Spanish lender Caixabank, and the oil group Repsol will sell 10% each while retaining respective stakes of 24% and 20%.
  • REpsol says it stands to make a €246M capital gain from the deal.

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