Repsol to acquire a 70% stake in ODF Energía.

Repsol, a gasoline retailer company, agreed to acquire a 70% stake in ODF Energía, an Electric utility company. Financial terms were not disclosed. "At ODF Energía, we've always championed an honest, close, and professional relationship model. This approach has been key to attracting the attention of a group like Repsol, which shares our vision and provides the necessary impetus to make a qualitative leap without renouncing our identity," Sergio Palmero, ODF Energía founder and sole director.