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Announced

Repsol to acquire the remaining 49% stake in its joint venture with Sinopec for $2.1bn.

Financials

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Transaction Value£1,683m
Consideration TypeCash
Capital Owned51%
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Cross Border

Friendly

Integrated Oil and Gas

Single Bidder

Pending

Private

United Kingdom

oil and gas exploration

Acquisition

Synopsis

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Repsol, a Spanish multinational energy and petrochemical company, agreed to acquire the remaining 49% stake in its joint venture with Sinopec, a Chinese oil and gas enterprise based in Beijing, for $2.1bn. Repsol and Sinopec will continue their broader strategic collaboration, including through their joint venture in Brazil.

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