Announced
Completed
Financials
Tags
Single Bidder
Acquisition
Minority
Friendly
Offshore Drilling and Other Services
upstream oil and gas
Private
United States
Private Equity
Domestic
Completed
Synopsis
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.
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