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Repsol sells its French LPG business to Totalgaz

Repsol YPF has reached an agreement with Totalgaz, a subsidiary of Total for the sale of its liquefied petroleum gas business (LPG) in France, reported sources close to the transaction to Europa Press. The oil company, chaired by Antonio Brufau, has carried out this sale as part of its strategy of divesting from ‘downstream’ non-integrated assets with which it has already generated more than $1.2 billion (€945 million) in five…