Scramble for shares of Repsol: Total against Lukoil

Opponent of Russian Lukoil in the battle for shares of Spanish energy group Repsol became the French Total. This is a transaction of 10 billion euros.But if you do not take into account economic indicators, the transaction risked provoking a competition between the Europe and Russia at a very sensitive issue: the distribution and possibly gas supplies, says a Spanish newspaper Corriere della Sera. At the heart of the dispute – control of Repsol, the biggest Spanish oil group, which in turn owns a 30% stake in Gas Natural, the leading Spanish company in the gas sphere. To compete for shares of Repsol is the Russian Lukoil , but since yesterday and the French Total. When, in mid-September because of the crisis in the real estate sector Spanish Sacyr, nakopivshaya 19 billion euros of debt, agreed to sell its share of shares (20.1%), the motion immediately expressed interest Russian Lukoil , which did not conceal the desire to acquire 29,9% stake in Repsol, hoping to buy part of a package of shares in oil company owned by the Barcelona financial institution Caixa. On Friday, it was reported that Sacyr is ready to accept the offer Lukoil and sell its share to 28 euros per share. And now it became known that the battle for shares of Repsol entered the French Total, and now it can offer a higher price than Lukoil , in exchange for greater control by the Iberian companies in the administrative board of Total and the refusal by Total from his participation in another Spanish oil company Cepsa. The newspaper notes that the desire of the Russian company to become the principal shareholder Repsol faces strong opposition in the Spanish political world. And not only. Caixa representative warned that the talks are at an early stage and may be lengthy. He also did not rule out the negative outcome of the negotiations. Part of the Government Zapatero is opposed to the transfer of Russian 30% stake in the company of strategic importance. In particular, the industry minister, Miguel Sebastian has repeatedly reiterated that the digging should be independent and Spanish .