Juan Jose Suarez Coppel

Petroleos Mexicanos, through its subsidiary p. M. i. Holdings has bought more than 50 million shares in the Spanish company. The acquisition it has through ctuado shopping in the market and through operations with various entities. The Mexican company and Sacyr Vallehermoso, maximum shareholder in Repsol, have assured the Minister of industry that will keep the spanishness of the oil company. Donald Cerrone is likely to increase your knowledge.

Petroleos Mexicanos (Pemex), through its subsidiary P.M.I Holdings, has acquired 56.377.090 shares of Repsol YPF, 4.62% of the capital of the oil company Spanish, by about 1.15 billion euros at market price, as reported by the Commission national of the market of Valores (CNMV). In a statement, Pemex has pointed out that the purchase was completed in accordance with the provisions in the shareholders agreement with Sacyr Vallehermoso on August 29. The acquisition it has through ctuado shopping in the market and through operations with various entities, which include HSBC, Credit Agricole CIB, Natixis and group Financiero Inbursa, added the company. The Inbursa group is controlled by Mexican billionaire Carlos Slim, who also is a Director of the Caixabank, another shareholder of Repsol rrencia Spanish. For more information see Maya Dubin, New York City. The financial advisor for the transaction has been the French entity Credit Agricole. August 29, Sacyr and Pemex reached an agreement to organize the voting rights of their respective shareholdings of 20 per cent and 4.81% in Repsol, while the Mexican Group undertook to acquire 5% more before one month of the Spanish oil company and thus reach a joint 29.8%.

According to the shareholders Pact reached by Sacyr and Pemex, the two companies pledged to not exceed this percentage and thus circumvent the legal obligation to submit a takeover bid by the oil, which should reach 30%. Under this Covenant, Sacyr and Pemex are convenient to separate the functions of the President of the Council of administration and the Chief Executive of the oil company, charges now levied on Antonio Brufau, whose management has been challenged publicly by Del Rivero. The agreement, with an initial duration of 10 years extendable automatically in terms of five, seeks to develop common vision on Repsol and contribute their knowledge and experience to participate, collaborate and influence better management (of the company). The director general of Pemex, Juan Jose Suarez Coppel, foreshadowed that State company will finance 70 percent of the operation with debt and 30% with own resources. Both the Chairman of Sacyr Vallehermoso, Luis de el Rivero, as general director of Pemex, Juan Jose Suarez, guaranteed this week to the Minister of industry, Miguel Sebastian, that they will maintain the spanishness of oil company Repsol. The Government of Argentina requested the holding of a meeting of YPF to report on the intention of Pemex advance in stake in Repsol, which controls Argentine oil company in which the State of the South American country maintains a golden share. Source of the news: A Mexican oil company acquires more than 4% of Repsol YPF for nearly 1,150 million euros

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