Radar > 231610

Repsol may have begun divestment plan

Repsol podría haber iniciado un plan de desinversiones

Intel ID : 231610
Synopsis

Spain-based Repsol (BME: REP) may have begun a divestment plan, through which it expects to raise EUR 6.2bn, as published by newspaper El Confidencial on 23 November 2015.

Repsol's divestment plan has three phases:

The first is the sale of its Asia-Pacific business, namely the sale of its oil fields in Indonesia, Malaysia and Vietnam, expecting to raise EUR 4bn.
For this possible sale, Repsol could may have hired US-based Goldman Sachs (NYSE: GS) as an advisor.

The second is the sale of its offshore wind farms in the UK, through which Repsol expects to raise EUR 2.2bn.
For this possible sale, Repsol could may have hired KPMG Spain as an advisor.
Spain-based Gas Natural (BME: GAS) might be interested in this asset.

Lastly the company is considering the sale is its LNG activities in Peru and Ecuador. The financial details were not disclosed.
(content in spanish)

La empresa española Repsol (BME: REP) podría haber iniciado un plan de desinversiones que consta de tres fases y por el que espera obtener EUR 6.200m, según ha reportado el diario El Confidencial el 23 de noviembre de 2015.

La primera fase sería la venta del negocio en su región Asia-Pacífico, concretamente la venta de sus yacimientos petrolíferos en Indonesia, Vietnam y Malasia, por el que esperaría obtener EUR 4.000m. Para esta posible venta Repsol podría haber contratado como asesor a la estadounidense Goldman Sachs (NYSE: GS).

La segunda sería la venta de sus parques eólicos marinos en Reino Unido, por el que esperaría obtener EUR 2.200m. Para esta posible desinversión, en la que podría estar interesada Gas Natural (BME: GAS), Repsol podía haber contratado como asesor a KPMG.

Por último la compañía podría estar analizando la venta de sus actividades de gas natural licuado en Perú y Ecuador, sin que se haya hablado de detalles financieros.

Bidder

Seller

Repsol
Spain

Advisors

retained
retained

Intel ID 231610
Value EUR 6,20m (Approx.)
Native Currency Euro (EUR)
Financial Data - Gas Natural
(31 Dec 2021)
Revenue: -
Net Debt: -
People: 486
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Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

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Website
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Seller

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Energy and Renewable Energies / Solar
Primary Sector (TTRSC)
20.02.05 Oil & Gas Exploration & Production (Upstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

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Website
Description

Financial Advisory

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verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

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