25 de febrero de 2014 / 20:00 / hace 3 años

Repsol to seek Argentina compensation approval March 28

MADRID, Feb 25 (Reuters) - Spain's Repsol said on Tuesday it would seek shareholder approval at its March 28 annual general meeting for a $5-billion-euro settlement with Argentina over assets seized in 2012.

The oil company said in a statement to Spain's stock market regulator it would also seek approval to buy back up to 2.05 percent of its capital, with a maximum investment in the share buyback of 500 million euros ($687 million).

Repsol will ask investors to sign off a new approval structure for any planned separation of its upstream and downstream businesses. It proposes that such a plan would need to be approved by at least three quarters of board members, and then submitted for shareholders' approval.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below