NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Foreign investors eye Repsol stake: report
MADRID (Reuters) - A group of foreign investors from Saudi Arabia, Algeria, Singapore, Hong Kong and Qatar is eyeing the purchase of up to 20 percent in Spanish oil major Repsol (REP.MC), Expansion newspaper reported on Monday.
A spokesman for Repsol said the company had no comment on the report.
The potential new investors are eyeing Repsol's treasury stock, a 9.7 percent Repsol holding belonging to Spanish builder Sacyr (SVO.MC), and a possible capital hike in the oil company, Expansion said, citing sources close to talks.
The newspaper said the potential new investors had consulted with La Caixa, a Spanish bank that is Repsol's biggest shareholder, with a 12.5 percent stake.
(Reporting by Fiona Ortiz; Editing by Helen Massy-Beresford)
- Tweet this
- Share this
- Digg this