Madrid — Spanish energy company Repsol said on Wednesday it has agreed to sell a 25% stake in its oil and gas exploration and production business to U.S. fund EIG for $4.8 billion including debt.
The process started with an unsolicited offer from EIG, sources told Reuters earlier this year.
The deal values the whole unit at $19 billion, including debt, Repsol said in a statement.
Reporting by Isla Binnie, editing by Inti Landauro -Reuters
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