Repsol SA Announces Further Details On Sale of Its Assets To Royal Dutch Shell Plc-Reuters
Reuters reported that Repsol SA has sold a block of liquefied natural gas assets to Royal Dutch Shell Plc for USD 6.7 billion. The price includes USD 4.4 billion in cash and USD 2.3 billion in financial leases and debt. The sale does not include Canadian terminal Canaport which was originally in the block. Repsol announced that it will book a USD 3.5 billion pre-tax capital gain from the sale. The Company expects to close the sale before the end of the year 2013.
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