On 28 April 2023 it was announced that a settlement and share purchase agreement had been reached between Repsol and Sinopec, whereby Repsol would acquire the remaining 49% share of Repsol Sinopec Resources UK Limited.
It was agreed that at completion of the acquisition, Repsol would become the owner of 100% of Repsol Sinopec Resources UK Limited. The agreement was subject to certain conditions precedent, which were all satisfied by 9 October 2023.
The company will be called Repsol Resources UK Limited and will begin a transition into the Repsol organisation.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/07112023/repsol-acquires-remaining-shares-of-repsol-sinopec-resources-uk-limited/
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