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The agreements significantly reduce debt and reinforce the company’s balance sheet
Repsol completes the sale of LNG assets
Press Release
02/01/2014 15:10
- Repsol has completed the sale of its LNG assets with the transferral to Shell of assets in Peru and Trinidad & Tobago. Previously Repsol had sold its stake in Bahia Bizkaia Electricidad to BP.
- With these agreements, Repsol has received approximately $4.3 billion and has shed financial commitments and non-consolidated debt.
- The agreements significantly strengthen Repsol’s balance sheet and liquidity with a reduction in net debt of $3.3 billion.
- With sale closure, the company surpasses the divestment commitment outlined in the 2012-2016 Strategic Plan.