Madrid UpdateRepsol convenes an extraordinary meeting to study the purchase of Talisman
15.12.20elEconomista.es / Europa Press
14 - 16:03
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Repsol has confirmed early in the afternoon that its board will meet throughout the day to try to purchase all of Canada's Talisman, which in turn reported that continued negotiating with the Spanish oil company and had received interest from third parties.
The council chaired by Antoino Brufau discuss "inter alia analysis possible of the acquisition of the entire share capital of the Canadian company Talisman Energy Inc transaction," said Repsol in response to a request from the market supervisor.
The CPP fund is also interested
Meanwhile, a report by the Bloomberg news agency indicated that the Canada Pension Plan fund (CPP) was considering making an offer for Talisman.
Last Friday, a source close to the talks told ReutersRepsol was in advanced negotiations to launch a friendly offer by Talisman and a team of senior executives had traveled to the Canadian city of Calgary.
The Financial Times had earlier reported that the Spanish would be willing to pay between six and eight Talisman per share , valuing the company and its debt between 10,000 and 12,000 million and catapulting the price of Canadian 18%.
Repsol has spent months looking for active exploration and production since leaving Argentina with a firepower of up to 13,000 million dollars and put the spotlight on high yielding assets in stable markets