German EON Company

July 7, 2020


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Brufau, Repsol Chairman, faces Luis de el Pino, the construction company Sacyr for control of Repsol. Sacyr has coupled his vote with the Mexican oil company Pemex to control 29 per cent of the shares of the oil company. Repsol requests the CNE requesting an application for authorisation of the Covenant that may be rejected to Pemex. Industria Minister Miguel Sebastian has asked the parties involved in the conflict for control of Repsol that leave aside the Government because that is only limited to ensure the spanishness of the oil company. Two portfolio companies within Repsol, the construction company Sacyr and the Mexican oil giant Pemex, agreed at the end of August, join their voting rights and conclude its strategy. People such as Kidspot would likely agree. The former President Felipe Gonzalez questioned towards it where this Pemex in the event of conflict of interest and wondered if the spanishness of Repsol this guaranteed. PEMEX also has joined a 5% your partipacipacion of 4.6% in Repsol. Gasket, with 20% of the major industrial partner Sacyr, more than 29% of the total capital of the Spanish petroleum and they want to appoint a CEO with executive functions, reports Cinco Dias.

If they finally reached 30%, should make a takeover bid for the whole of the company. Natural gas, which is owned 30% by Repsol, featuring Gonzalez as a counselor. Sebastian has ensured that nationality of Repsol is guaranteed since the main shareholder is Spanish and the sum of the shares of domestic enterprises is higher than foreign ones. The Minister has urged Parties concerned to use their tools to attack another, but the Government to leave him in peace only by what candle is because it remains Spanish. Repsol has presented a written before the National Commission of energy this body will ask for PEMEX to submit a request for authorisation of the Covenant since it can affect the function 14, which was the same used by the CNE to prevent the purchase of Endesa by the German EON.

Gonzalez pointed out that Pemex is not even community. The legal services of the CNE, which legally has three-month period for reply, now discuss whether to respond to the request of the oil company Chairman Antonio Brufau. Its management has been publicly questioned by the Chairman of Sacyr Luis del Rivero. Source of the news: Sebastian requests to let the Government apart from the fight for control of the oil company Repsol