January 10, 2018 / 7:18 AM / 5 months ago

Spain's Repsol in talks to sell Gas Natural stake to CVC - report

MADRID, Jan 10 (Reuters) - Spain’s Repsol is in talks to sell its 20 percent stake in utility Gas Natural to investment fund CVC in a deal worth an estimated 4.1 billion euros ($4.9 billion), Expansion reported on Wednesday, without citing sources.

Repsol and Criteria Caixa, the holding company that owns Caixabank, agreed a near 4 billion-euro deal to each sell a 10 percent stake in Gas Natural to Global Infrastructure Partners in September 2016.

Caixabank holds 24 percent of Repsol.

Repsol was not immediately available for comment.

$1 = 0.8385 euros Reporting by Paul Day; Editing by Rodrigo de Miguel and Mark Potter

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