Repsol Still Exploring Options for Upstream Division -- Market Talk
Dow Jones
Jun 04, 2025
0858 GMT - Repsol isn't in a hurry to list its upstream business, RBC Capital Markets analysts write in a note after speaking with the Spanish energy major's finance chief Antonio Lorenzo. Repsol is committed to preparing the business for an initial public offering in 2026 but any transaction will depend on market conditions, they write. Repsol appears to be considering all options. This includes merging with a public or private U.S. exploration and production company, they add. A key criteria for Repsol is maintaining control of the new entity and the internal focus is on governance structures within the division, they say. Shares trade up 0.4% at 12.20 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
June 04, 2025 04:58 ET (08:58 GMT)
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