in this issue
People & Business :: M&A
Pemex denies it wants to split Repsol to gain control of upstream assets
9:13 AM MDT | March 30, 2014 | Natasha Alperowicz
Repsol’s (Madrid) shareholders’ meeting on Friday approved the company’s $5 billion settlement with Argentina over the 2012 seizure of YPF. The meeting also highlighted tensions with Pemex (Mexico City), which owns a 9.3% stake in the Spanish oil company. The shareholders’ meeting approved a new bylaw that would increase the number of votes needed to force a breakup of Repsol’s upstream and downstream businesses. Such a move will now require a majority 75% ‘yes’ vote. Spanish media reports had claimed that Pemex...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee