Repsol sells 25% stake to EIP and Crédit Agricole Assurances

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Crédit Agricole Assurances and Energy Infrastructure Partners (EIP) have signed an agreement to acquire 25% of Repsol Renovables for €905 million / This price implies valuing Repsol’s renewables business at €4.383 billion, including debt / The agreement was approved at an extraordinary meeting of the Board of Directors held today.

Repsol's Board of Directors today approved the sale of a 25% stake in Repsol Renewables to the consortium formed by the French insurance company Crédit Agricole Assurances and Switzerland-based Energy Infrastructure Partner (EIP) for €905 million. The transaction, a new milestone in the fulfillment of the multi-energy company's 2021-2025 Strategic Plan, values Repsol's renewable business at €4.383 billion, including debt... ... More: Official Press Release Repsol

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Repsol, EIP, acquisition, renewables business, price, sonsortium, Crédit Agricole Assurances, stake