Repsol sells 5 percent of itself to Singapore’s Temasek

Repsol sells five percent of itself to Singapore’s Temasek for 1.036 bn. euros | In English |

elpais.com 04 Mar '13, 4pm

Repsol sells 5 percent of itself to Singapore’s Temasek

Leading Spanish oil company Repsol on Monday said it had sold a 5.04 percent stake it held in itself in the form of treasury stock to Singapore sovereign fund Temasek for 1.036 billion euros. “The agreement comprises the purchase of 64.7 million Repsol shares from the company’s treasury stock, at 16.01 euros per share,” Repsol said in a statement to the National Securities Commission (CNMV). The sale price was at a discount of around 2 percent to Repsol’s closing price on Friday 16.29 euros. The transaction converts Temasek into the fourth biggest shareholder in the Spanish oil firm with a 6.3-percent stake. “An investor as significant and prestigious as Temasek we regard as important international backing of our growth strategy,” Repsol Chairman Antonio Brufau said. Repsol acquired 10 percent of itself at the end last year from the creditor banks of Spanish builder Sacyr-...

Full article: http://elpais.com/elpais/2013/03/04/inenglish/1362413991_...

Tweets

@elpaisinenglish » 04 Mar '13, 4pm
Repsol sells five percent of itself to Singapore’s Temasek for 1.036 bn. euros [link] via @el_pais
@MadridNewsNow » 04 Mar '13, 4pm
Repsol sells 5 percent of itself to Singapore’s Temasek [link] #whirrld_news
@danielamixtt » 04 Mar '13, 4pm
Repsol sells 5 percent of itself to Singapore’s Temasek: Oil conglomerate to rack up 148 million euros in loss... [link]
@RSSmedios » 04 Mar '13, 4pm
Repsol sells 5 percent of itself to Singapore’s Temasek [link] vía @el_pais
@esNoticia » 04 Mar '13, 4pm
El País > Repsol sells 5 percent of itself to Singapore’s Temasek [link]
@notifeed » 04 Mar '13, 4pm
ElPais: Repsol sells 5 percent of itself to Singapore’s Temasek [link]
@oscarelbrujo » 04 Mar '13, 4pm
Repsol sells 5 percent of itself to Singapore’s Temasek [link]
@Dr_alarcon » 04 Mar '13, 4pm
Repsol sells 5 percent of itself to Singapore’s Temasek: Oil conglomerate to rack up 148 million euros in loss... [link]
@burgerchrist » 04 Mar '13, 4pm
Repsol sells 5 percent of itself to Singapore’s Temasek: Oil conglomerate to rack up 148 million euros in loss... [link]

Repsol sells five percent of itself to Singapore’s Temasek for 1.036 bn. euros | In English |

Repsol sells 5 percent of itself to Singapore’s Temasek

Tweets

REFILE-UPDATE 2-Singapore's Temasek raises stak...

Singapore's Population Strategy

Our response to the Budget is up now ! Between ...

Singapore’s Famous Five: Best Char Kway Teow: O...

Sells On Sedo For $50K

GMR sells 70 per cent stake in Singapore arm fo...