Spanish Pm Rules Out Repsol Move

摘要

Spain's prime minister has ruled out any sort of "public intervention" in the possible sale by heavily indebted construction firm Sacyr of its stake in Repsol YPF to Russia's Lukoil. Jose Luis Rodriguez Zapatero told journalists November 25 that state holding firmrnSepi would not buy any of Sacyr's 20.01% stake in Repsol to prevent it from coming partially under Russian control.rn"Repsol and its shareholders are private firms and if there are problems or changes at the company level, there must be solutions at the company level, he said, adding "there was nothing political" in the operation. The main opposition Popular Party and some members of the ruling socialists have publicly opposed Lukoil's attempt to acquire 29.9% of Repsol and become the Spanish-Argentine firm's main shareholder.