Repsol sells package of LNG assets to Shell to cut its debt and hold to credit rating

Wednesday, February 27th 2013 - 01:49 UTC

Full article 3 comments

Spanish energy giant Repsol SA said Tuesday that it agreed to sell a package of liquefied natural gas assets to Royal Dutch Shell Plc in a transaction valued at 6.65 billion dollars. Shell will pay 4.4bn in cash and assume 2.25bn in debt, Repsol said in a regulatory filing. Read full article

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Orbit
CFK f*cks things up, other people have to clean up the resulting mess. Nice legacy.
Feb 27th, 2013 - 09:03 am - Link - Report abuse 0
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DanyBerger
Oh!

Poor Spanish without YPF their are strangling to keep afloat...
Feb 28th, 2013 - 04:11 am - Link - Report abuse 0
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ChrisR
@2 Dunny-Burger

Yes, well you know how that feels don't you.

Still, come the new default things will really get interesting in AR.

Repsol were stupid enough to get involved with TMBOA and her delusions and have taken sensible actions to keep the company stable.

How many investors in YPF have there been who have PUT MONEY UP FRONT?

Answer: NONE.

How many investors in YPF have actually SIGNED LONG-TERM CONTRACTS?

Answer: NONE.

Really going well at YPF then!
Mar 01st, 2013 - 08:17 pm - Link - Report abuse 0
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