Repsol in talks to sell a slice of renewable business, Reuters reports

Spanish oil company Repsol is in negotiations to sell a stake in its renewable energy unit, a move to help fund its strategic plan through 2027, Reuters’ Andres Gonzalez and Pietro Lombardi report, citing four sources familiar with the matter. The company has received an unsolicited approach by an investor and has lined up Santander as advisor for the sale, the sources said. Repsol would keep more than 50% of the unit in a transaction that could involve the investor injecting new money into the business, the people added.