Saudi Aramco considers buying a minority stake in Repsol's renewable unit for funding.
Saudi Aramco, a state-controlled Saudi oil company, is considering buying a minority stake in Repsol's renewable unit, according to a report in the Spanish newspaper Expansion. Saudi Aramco has shown interest in Repsol's renewable assets in the US, but has not yet filed a formal offer. Repsol has started talks to sell a stake in its renewable energy business in order to raise funds for its strategic plan through 2027.
May 24, 2024
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