Repsol YPF : Closing of the sale of 20.072% of Gas Natural SDG's share capital to Rioja Bidco Shareholdings, and exclusion of Repsol from the agreement with Criteria Caixa and GIP III Canary 1 regarding Gas Natural SDG
May 18, 2018 at 06:39 am
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Repsol, S.A.
Tlf.:+34 917 538 100
C/Méndez Alvaro, 44
+34 917 538 000
28045 Madrid
Fax:+34 913 489 494
repsol.com
Official Notice
Madrid, 18 May 2018
Following the press release published on 22 February 2018, we hereby notify that Repsol, S.A. ("Repsol") has transferred today to Rioja Bidco Shareholdings, S.L. Unipersonal 200,858,658 shares of Gas Natural SDG, S.A. ("Gas Natural"), representing, approximately, 20.072% of Gas Natural's share capital, for a total price of EUR 3,816,314,502, which is equivalent to EUR 19 per share, all in accordance with what was established in the share purchase agreement signed on 22 February 2018.
The aforementioned transfer has taken place following the verification of the fulfilment or waiver of the conditions precedent upon which the share purchase agreement was conditional. These conditions were communicated in the aforementioned press release of 22 February 2018.
Due to this transfer, Repsol is no longer a shareholder of Gas Natural and, consequently, has ceased to be a party to the shareholders agreement signed on 12 September 2016 with Criteria Caixa, S.A.U. and GIP III Canary 1, S.À R.L., that was communicated by official notice on that same date.
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Repsol SA published this content on 18 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 May 2018 10:38:03 UTC
Repsol S.A. is one of the largest oil and gas groups in Spain. The activity is organized into four sectors:
- refining and distribution (No. 1 in Spain): 42.1 million tons of crude oil refined in 2022 and 25.5 million tons of oil products sold (kerosene, gasoline, fuel oil, gas liquefied petroleum gas, etc.). At the end of 2022, the group operated 6 refineries located in Spain (5) and Peru and a network of 4,651 service stations located in Spain (3,304), Peru (567), Portugal (515) and Mexico (265). Repsol S.A. also sells lubricants, aviation fuels, bitumen and specialty products (7,261 Kt sold in 2022), liquefied petroleum gas (1,207 Kt sold) and petrochemicals (2.5 Mt of products sold);
- production of electricity and distribution of natural gas: 8,734 Gwh of electricity generated from renewables energy and 1,650 Gwh of gas sold in 2022;
- liquefaction, transportation and regasification of natural gas;
- exploration and production of oil and natural gas: 550,000 barrels of hydrocarbons produced per day in 2022.
Net sales are distributed geographically as follows: Spain (57.9%), Peru (7.2%), the United States (5.7%), Portugal (4.6%), and other (24.6%).
Repsol YPF : Closing of the sale of 20.072% of Gas Natural SDG's share capital to Rioja Bidco Shareholdings, and exclusion of Repsol from the agreement with Criteria Caixa and GIP III Canary 1 regarding Gas Natural SDG