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Repsol sells gas assets to Shell and gains on the Stock Exchange

The news of the sale of the liquefied natural gas assets to Shell, for 6,7 billion dollars, pushes up the Repsol stock, which in the afternoon gained more than 2% in Madrid – For Bankia Bolsa the agreement reached is "very positive ” for the Spanish company.

Repsol sells gas assets to Shell and gains on the Stock Exchange

Advance on the Madrid Stock Exchange the title of Repsol: the Spanish oil group, in fact, gained more than 2% driven by the news of the sale of the liquefied natural gas (LNG) assets to Shell, as part of a maxi transaction worth 6,7 billion dollars.

In the note released today, the Spanish company expresses its satisfaction: “With this transaction – reads the press release – Repsol divested over 5 billion euro of assets in one year surpassing the target set in the 2012-2016 strategic plan of disinvestments of between 4 and 4,5 billion euros for the entire period”.

The agreement reached was described as "very positive" by Bankia Bolsa analysts who confirmed the "buy" rating on Persol stock, with a target price set at 20,20 euros.

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