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    Sacyr offloads 3% stake in Repsol: press

Summary

Refinitiv estimates that the stake was worth €695mn at market close on June 3.

by: NGW

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Sacyr offloads 3% stake in Repsol: press

Spanish construction firm Sacyr has sold its entire 2.96% stake in the country's main oil company Repsol, Reuters reported on June 6.

The interest was worth €695mn ($747mn) at market close on June 3, according to Refinitiv. It was sold on the market during the past weeks, Reuters said, citing a Repsol spokesperson.

Repsol also said it had cleared a €563mn financial debt related to derivatives on the shares.