September 30, 2015 / 4:02 PM / 3 years ago

Spain's Repsol sells part of piped gas business for 652 mln eur

MADRID, Sept 30 (Reuters) - Spanish oil major Repsol on Wednesday said it had sold part of its piped gas business to Gas Natural Distribution and Redexis Gas for 652 million euros ($728 million), helping it reach its asset disposal target.

The company said it had now surpassed its goal to sell $1 billion in non-strategic assets, a target it set itself after acquiring Canada’s Talisman. It also sold its stake in fuel logistics firm CLH earlier this month.

Redexis Gas is owned by Goldman Sachs’ infrastructure fund. ($1 = 0.8956 euros) (Reporting by Sarah White; Editing by Julien Toyer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below