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CatalunyaCaixa Sells €448M Repsol Stake

CatalunyaCaixa has sold a 1.6% stake in oil company, Repsol, for €448.2 million.

CatalunyaCaixa has sold a 1.6% stake in oil company, Repsol, for €448.2 million, The Wall Street Journal reports. The Repsol stake was earlier owned by Repinves, an investment vehicle controlled by CatalunyaCaixa and Criteria CaixaCorp, the financial holding company of savings bank, La Caixa.

Under the deal, Criteria took 41.4 million Repsol shares previously held by the investment vehicle. UBS brokered the transaction. CatalunyaCaixa will book a capital gain of €186 million from the deal.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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