Spanish oil and energy giant Repsol to sell 20% stake in rival Gas Natural

Spanish oil and energy giant Repsol said Thursday it has agreed to sell its 20-percent stake in rival Gas Natural to a company controlled by investment fund CVC for 3.8 billion euros ($4.7 billion). Repsol said in a statement it had reached agreement with Rioja Bidco Shareholdings, “a company controlled by funds advised by CVC, to…


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