Repsol gets out of Gas Natural after over 20 years: agrees on sale of its 20.07 % stake at €19/share
Repsol has reached an agreement to sell its 20.072% stake in Gas Natural to Rioja Bidco Shareholdings, a company owned by funds advised by CVC. The sale price was 3.8 billion euros and the transaction will provide the oil company with approximately 400 million euros of capital gains.