Aramco Seeks Minority Stake in Repsol's Renewable Arm, Expansion Reports
Provided by
Dow Jones
-- 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 04:26 ET (08:26 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks
United States