DIA

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Market chatter: Repsol, Gas Natural and much more

MADRID | By Jaime Santisteban | Repsol could sell its 30% participation in Gas Natural before the summer. 20 % of it would go for sovereign wealth funds (yet unidentified) and 10 % through quick placement of shares. RENTA 4 believes the company will monetize the operation if other worthy investment opportunities are identified. SABADELL finds the move logical within negotiations with La Caixa (which controlls 1/3 of Repsol’s capital). ACF highlights that Gas Natural shares are turning out very profitable in dividend for Repsol (4.5%), making this sale not that attractive for that firm.





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DIA’s turnover rises by 6.9pc with Spain price-driven sales push

MADRID | Supermarket chains serve a few of our basic needs and so the sector is faring better than other industries against the fierce crisis that is lacerating the European economy day in, day out. The same goes for Spain. Distribuidora Internacional de Alimentación DIA, the distribution chain, said Thursday that its sales in Spain had grown by 6 percent during the first half of the year. DIA reported today…