Repsol : The company informs regarding the news published in various media related to a possible divestment in Gas Natural SDG, S.A.
January 10, 2018 at 12:19 pm EST
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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, 10 January 2018
At the request of the Spanish Comisión Nacional del Mercado de Valores (CNMV) and as a result of the news published in various media related to the potential sale of Repsol's shares in Gas Natural SDG, S.A., Repsol informs that, although we do not have as policy commenting on untested news that may appear in the media, given the aforementioned request, we announce that within the 2016-2020 Strategic Plan, and as part of its permanent and dynamic business portfolio management, Repsol analyses different alternatives including those relating to its participation in Gas Natural SDG, S.A. In this regard, various investors, including CVC, have communicated to Repsol their interest in exploring the possibilities of its divesting its 20% stake in Gas Natural SDG, S.A. In relation to this expression of interest in the preliminary phase, there is no signed contract, nor has legal or financial advice been retained, nor has any decision been taken by the Board of Directors.
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Repsol SA published this content on 10 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 January 2018 17:19:02 UTC.
Original documenthttps://www.repsol.energy/imagenes/global/en/100118_HR1_HR_Gas_Natural_SDG_tcm14-119854.pdf
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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%).