Singapore, China giants 'mull Spain gas investment': Report
MADRID (AFP) - Singapore state investment giant Temasek and Chinese oil group Sinopec aim to snap up a multi-billion-euro stake in Spain's Gas Natural, the Financial Times said on Monday.
The two groups had contacted Spanish oil firm Repsol separately to say they were interested in buying its 4.7-billion-euro (S$8 billion) stake in Gas Natural, the paper said, citing people close to the process.
Spanish company Repsol has a 30-percent stake in Gas Natural and wants to sell most of the investment so as to leave itself with a five percent share in the gas firm.
Repsol has been selling assets to replace income lost after the nationalisation of its Argentinian subsidiary YPF by Cristina Kirchner's government in April 2012.