Repsol Sells $6.7 Billion LNG Assets To Shell
February 26, 2013
Repsol (OTCQX: REPYY) has reached an agreement with Royal Dutch Shell Plc (NYSE: RDS-A, RDS-B) for the sale of LNG assets for US $6.7 billion.
The sale includes the minority stakes in Atlantic LNG (Trinidad & Tobago,) Peru LNG and Bahia de Bizkaia Electricidad (BBE) as well as the LNG sale contracts and time charters with their associated loans and debt. Excluding the financial leases and financial gross debt, the equity value of the assets included in the sale is US $4.4 billion, generating a pre-tax capital gain of US ...
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