Repsol (ES:REP) has released an update.
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Repsol has agreed to sell its Colombian oil and gas assets to GeoPark for $530 million, as part of its asset portfolio rotation strategy. This deal includes the entire stake in Repsol Colombia Oil&Gas Limited and a 25% share in SierraCol Energy Arauca LLC. The sale is pending customary conditions and approvals.
For further insights into ES:REP stock, check out TipRanks’ Stock Analysis page.
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