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$80+ Brent price to help Repsol move forward with possible IPO of upstream business through reverse merger with US mid-caps
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$80+ Brent price to help Repsol move forward with possible IPO of upstream business through reverse merger with US mid-caps
The Corner Banco Sabadell | According to press reports, a Brent price above $80/barrel, coupled with political change in Venezuela, opens up the opportunity for Repsol to recover investments in the country and move forward with a possible IPO of its upstream business through a reverse merger with US mid-caps. In its annual report, Repsol estimates the ‘recoverable’ funds in Venezuela at €4.55 billion (21% capitalisation), of which €963 million r…
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