MADRID (dpa-AFX) - Spanish oil major Repsol S.A. (REPYY.PK) said that it has agreed with Natural Gas Distribution and Redexis Gas the sale of part of its piped gas business. The various operations amount to a total of 651.5 million euros, generating an estimated after-tax capital gain of 367 million euros. The agreements, which will be completed in early 2016, are subject to regulatory approvals.
Following these transactions, Repsol maintains a portfolio of piped gas assets with capacity to supply 141,535 regional customers which it will continue to operate normally.
Copyright RTT News/dpa-AFX