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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Singapore wealth fund boosts Spain’s Repsol, recovering from YPF nationalization

Posted on 06 March 2013

Singapore wealth fund Temasak has bought a 5% stake in Spanish oil group Repsol for just over one billion Euros, raising its total stake in the company to 6.3%, Repsol said in a release. The operation involves the entire portfolio of Repsol treasury stock at 16.01 Euros per share for a total of 1.036 billion Euros (1.35bn dollars).
“The operation, the biggest investment ever made by Singapore in Spain, reflects the confidence which first class international investors have in Repsol’s growth strategy,” it said in a statement………………………………………..Full Article: Source


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