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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Repsol sells stake to Temasek Holdings

Posted on 05 March 2013

Singapore state investment company Temasek Holdings said Monday it acquired 5% of Repsol SA for 1.04 billion euros ($1.35 billion), as part of a strategy to increase its exposure to the energy sector.
The share sale further boosts Repsol’s balance sheet, following an agreement last week to sell most of its liquefied natural gas assets to Royal Dutch Shell PLC for $4.4 billion in cash, plus the assumption of $2.3 billion in debt………………………………………..Full Article: Source


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