Brief: Repsol Says Masdar To Buy 49.99% Stake In Repsol Renewable Assets In Spain For €150 Mln
BRIEF-Repsol Says Masdar To Buy 49.99% Stake In Repsol Renewable Assets In Spain For €150 Mln June 11 (Reuters) - Repsol SA REP.MC:
MASDAR TO BUY 49.99% STAKE IN REPSOL RENEWABLE ASSETS IN SPAIN FOR €150 MILLION
DEAL VALUES PORTFOLIO AT €849 MILLION
DEAL ESTIMATED TO REDUCE REPSOL NET DEBT BY €700 MILLION
DEAL EXPECTED TO CLOSE BY END-2026 SUBJECT TO REGULATORY APPROVALS
AS PART OF TRANSACTION CLOSED €550 MILLION SYNDICATED FINANCING FOR PORTFOLIO IN DEC 2025
PORTFOLIO INCLUDES 705 MW OPERATIONAL CAPACITY COMMISSIONED IN 2025 AND Q1 2026
Source text: ID:nCNM2XXnKQ
Further company coverage: REP.MC
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))