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Stock impact report

Repsol calls off sale of Norwegian subsidiary - Reuters [Seeking Alpha]

REPSOL SA SP/ADR (REPYY) 
Company Research Source: Seeking Alpha
The assets include seven producing fields with net reserves of 53M boe, 36% of which are gas, and a projected 2024 net production of 29M boe, according to a marketing document distributed earlier this year. As part of its latest strategic plan, Repsol ( OTCQX:REPYF OTCQX:REPYY ) said it planned to finance its €26B (~$28.9B) gross investments partially through portfolio rotation, including assets and stake sales of up to €4B. Repsol ( OTCQX:REPYF OTCQX:REPYY reportedly is in talks to merge its U.K. North Sea operations with NEO Energy, and is discussing a potential sale of a minority stake in its renewable business to Saudi Aramco. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News Show less Read more
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