Repsol shareholder Spanish builder, Sacyr Vallehermoso SA, is also reported to be considering other proposals after Russia's largest independent crude producer first signaled it was interested in acquiring the Repsol stake.
In late October Sacyr, whose share price has dropped by almost 70% this year following the credit crunch, received a proposal from China's CNPC to buy a 20% stake in Repsol.
Earlier it was reported that LUKoil had applied to several Spanish banks for a 5.2 billion euro ($6.5 billion) loan to buy the Repsol stake.
LUKoil is seeking to buy around 30% in Repsol YPF, Spain's largest private oil and gas company, in a deal worth some 5.09 billion euros ($6.36 billion), with 20% held by Sacyr and 9.9% by La Caixa and Caixa Catalunya.
Add to blog
You may place this material on your blog by copying the link.
The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.