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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek, Sinopec approach Repsol over stake in Gas Natural

Posted on 11 October 2013

Singapore’s sovereign wealth fund Temasek and Chinese refiner Sinopec have approached Spanish oil company Repsol over its ¤4.7bn ($6.4bn) stake in Gas Natural.
Repsol said in July it was considering disposing of its Gas Natural stake because the agreed sale of its liquefied natural gas business to Royal Dutch Shell, due to close this year, diminishes the holding’s strategic rationale. No final decision has been taken and Repsol has received interest from other parties, the FT said, citing people close to the deal. Repsol is not in a rush to sell its stake, meaning a sale would come down to an attractive price, according to the FT………………………………………..Full Article: Source


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