One of the shareholders of the Spanish-Argentine Repsol YPF, Criteria Caixa, confirmed that Lukoil is negotiating with the sale of a Russian company of its shares if it buys 20% from other shareholders.An additional 2% to unofficial information, sell Spanish insurer. As a result, Lukoil may become the owner of just under 30% Repsol. However, analysts doubt the ability of Russian companies to finance the transaction, which, according to unofficial data, a premium of 100% of the market price of Repsol, that is, it could cost more than 10 billion, the newspaper writes today Kommersant Spanish-Argentine Repsol YPF operates in 30 the world and occupies a leading position in the markets of Spain and Argentina. Revenues in 2007 amounted to 52,1 billion, net profit - 3,36 billion oil and gas Repsol slowly declining since 2004, in 2007 the company produced 51.75 million tons of hydrocarbons in oil equivalent (compared with 58 , 21 million in the 2004-meters). Proven reserves in 2002 reduced even more drastic rate: currently on the balance of oil reserves amount to 129.82 million tons (266.5 million tons in 2002), gas - 231 billion cubic meters (432 billion - in the 2002-meters). In Russia, Repsol has a 3.4% in the West Siberian Resources. Lukoil may generously pay for the purchase of 29.9% stake in Repsol, writes today RBC daily. According to El Economista, the Russian company is prepared to offer for each share of Spanish oil company 28 euros, almost double the current price on the stock exchange. The Spanish media have reported that the obstacles to the deal almost did not have because Lukoil has promised to keep key positions in the company’s local managers. The only difficulty remains unresolved question of the financing of multi-transaction. LUKOIL can hardly afford such a purchase, the newspaper writes today Official . 29,9% stake in Repsol can do it in the $ 6-10 billion However, at mid-year, LUKOYLa was $ 1.6 billion in cash and $ 2.3 billion short-term debt. And while the current price of oil in 2009 operating cash flow LUKOYLa would be less than $ 5 billion this barely sufficient for capital investment (at least $ 4-5 billion) and payment transactions for the purchase of shares in neftekomplekse ISAB Sicily (from 1.35 billion euros). Spravka.Repsol-oil and gas company. Crude oil - 24 million tons, refining - 56.9 million tonnes (2007). Revenues - 49.3 billion euros (9 months 2008). Operating profit - 2.8 billion euros.
