According to unofficial information, another vendor – Sacyr-Vallehermoso – refused to negotiate the sale of its shares. Earlier this said, and the bank La Caixa.Possible reasons for the reluctance of the Spanish called the creditor banks to accept guarantees provided by the Russian company in debt, as well as the gas conflict between Gazprom and Ukraine. However, analysts believe that the failure of negotiations is linked to the difficulty of obtaining foreign loans Lukoil. Lukoil could not provide guarantees to banks, writes today RBC daily. The oil and gas group Repsol YPF was created in 1999 through the merger of Spanish and Argentine Repsol YPF. The group has oil and gas exploration in 29 countries, mostly in Spain and Argentina. Principal shareholders: Sacyr Vallehermoso SA (20,01%), Criteria Caixa Corp. (14,29%), Petroleos Mexicanos (4,90%), Chase Nominees Ltd (9,83%), Axa SA (4,21%). Negotiations for the sale of shares in Repsol construction company Sacyr-Vallehermoso Russian LUKOIL suspended, reported yesterday by sources close to the talks, sends agency Reuters. Both sides of this information could not comment. According to the sources, one of the problems in the negotiations has been the reluctance of banks to take a Spanish construction company guarantees that Lukoil was ready to give in exchange for its debt (10.7 billion euros), formed as a result of buying 20% stake in Repsol. On the other hand, a possible reason why the transaction could be adverse political background – a gas war between Russia and Ukraine, which led to the halt of gas supplies to Europe, suggest experts. In the early weeks of its withdrawal from the negotiating process and announced the bank La Caixa. Previously, the seller claimed, which could sell its share if Sacyr-Vallehermoso to reach a similar agreement with the Russian company. Remember, in November was of interest Lukoil to acquire 30% Repsol, which includes 20 per package of Sacyr-Vallehermoso. The deal valued over 10 billion euros. Provide a credit of 5.1 billion euros a Russian company had promised the Spanish syndicate of 48 banks, but in return demanded additional guarantees on the debt, as well as Repsol shares is not enough as the only security. 22 December was the information that the loan was granted LUKOIL. Analyst IR Veles Capital Dmitry Lyutyagin believes that the current situation to get foreign loans and provide guarantees for the bank is quite difficult. However, if the Company is indeed interested in the transaction, and shareholders are ready to resume negotiations, the guarantee could be exports of oil, the expert believes. At the same time, it excludes the impact of political factors (the gas conflict between Russia and Ukraine), as well as the Spanish side, to a lesser extent, depends on its impact, so the problem is likely to financial difficulties.
