17 February 2019

Sinopec, Temasek eye Repsol stake in Gas Natural, report says

Sinopec and Singapore’s sovereign wealth fund Temasek Holdings have expressed interest to acquire the 4.7 billion euro (US$6.4 billion) stake of Spain’s Repsol SA in Spanish natural gas utilities company Gas Natural, the Financial Times reported on Sunday, citing people familiar with the matter. Repsol’s management aims to sell 25 percent of its 30 percent stake and views both Sinopec and Temasek’s interest favorably due to their existing ties with the Spanish oil group, the report said. However, no final decision has been made yet,the sources were quoted as saying.

– Contact HKEJ at [email protected]



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