UPDATE: Repsol: Lukoil Push For Repsol Stock Likely History
26 Fevereiro 2009 - 2:59PM
Dow Jones News
An attempt by Russian oil firm Lukoil (LKOH.RS) to buy a large
stake in Spanish oil company Repsol YPF SA (REP) is likely to be
"history," Repsol Chairman Antonio Brufau said Thursday.
Brufau said his comment was a personal opinion, adding that
large acquisitions are difficult in the current economic
environment.
Brufau also said he hopes Repsol's current shareholder structure
will be maintained this year, and troubled construction company
Sacyr-Vallehermoso SA (SYV.MC) is likely to keep its 20% stake in
Repsol in the medium or long term.
"My impression today is that Sacyr is not selling the stake, and
this is what I have been told," Brufau said.
He added that Sacyr isn't facing the same financial difficulties
it had three or four months ago
Company Web site: www.repsol.com
-By Bernd Radowitz, Dow Jones Newswires; +34-91-395-8125;
djmadrid@dowjones.com