EIG, an institutional investor in the global energy and infrastructure sectors, completed the acquisition of a 25% stake in Repsol Upstream, a gas-weighted global E&P company that will own and operate Repsol’s globally diversified portfolio of upstream assets, delivering cash generative and resilient operations, for $4.8bn. “Repsol is a leader in the energy transition, and we are pleased to have completed this transaction with a global company that shares our commitment to reducing emissions while meeting the world’s energy demands. The transaction sets Repsol Upstream on a path toward an accelerated decarbonization future, strong cash flow generation and potential market liquidity," R. Blair Thomas, EIG Chairman and CEO.