Aramco Seeks Minority Stake in Repsol's Renewable Arm, Expansion Reports

Dow Jones05-24

-- Saudi Arabia's national oil company has made an unsolicited approach to the board of Repsol's renewable energy subsidiary Repsol Renovables, the Spanish newspaper Expansion reported on Friday, citing unnamed sources.

-- Saudi Arabian Oil Co., known as Aramco, would be interested in acquiring a minority position in the subsidiary, which has hired the Spanish bank Santander to study the deal, Expansion reports.

-- Repsol declined to comment and Aramco didn't immediately respond to a request for comment.

Full story: https://tinyurl.com/ycyymd8k

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

May 24, 2024 04:11 ET (08:11 GMT)

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