Arab Today, arab today spain\s repsol announces 27bn euro share buyback
Last Updated : GMT 03:03:05
Arab Today, arab today
Arab Today, arab today

Spain\'s Repsol announces 2.7-bn euro share buy-back

Arab Today, arab today

Arab Today, arab today Spain\'s Repsol announces 2.7-bn euro share buy-back

Madrid - AFP

Spain\'s biggest oil group Repsol said Monday it will buy back 2.7 billion euros of its own shares held by building group Sacyr Vallehermoso, which is seeking to raise cash to pay heavy debts. Repsol chairman Antoni Brufau announced the planned transaction during a visit to Russia, a company spokesman told AFP in Madrid. Sacyr is reportedly racing to sell off half of its 20-percent stake in Repsol in order to refinance a loan. The 10-percent stake is worth 2.7 billion euros ($3.5 billion) at Repsol\'s current share prices. Sacyr and Repsol shares were suspended on the Madrid stock exchange on Tuesday morning. The Spanish builder borrowed heavily at the height of the property boom, which collapsed in 2008, and it posted a net debt of 11.4 billion euros at the end of September. Brufau was in Russia to sign a deal to launch a joint venture with Alliance Oil to explore for oil in eastern Russia, subject to regulators\' approval. Repsol said in a statement the Spanish and Russian companies had agreed to form a joint entity worth $840 million (645 million euros). Alliance will hold 51 percent and Repsol 49 percent.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain\s repsol announces 27bn euro share buyback Arab Today, arab today spain\s repsol announces 27bn euro share buyback

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday