Back

A&O advises Spanish energy company Repsol on transformational USD4.8 billion deal

A cross-border team of Allen & Overy lawyers has advised leading Spanish energy company Repsol on the sale of 25% of its upstream business to U.S. institutional investor EIG.  The transaction has a value of USD4.8 billion and covers more than ten jurisdictions globally.  This is a transformational deal for Repsol, reinforcing its position at the forefront of the energy transition.

John Geraghty comments: “This deal confirms Repsol’s position as a leading player in the energy transition, enabling accelerated transformation towards its net zero emissions goals. Our teams across jurisdictions were able to bring their specialist expertise to bear for a great result.”

The A&O team was led by Madrid partners Iñigo del Val, Ignacio Ruiz-Camara and Tom Wilkinson and London partner John Geraghty.  Senior associate Reka Palla in Madrid and London associate Cathy Gilmartin also advised.  Tax advice was led by London counsel Gareth Banfield and counsel Jaime Rodriguez in Madrid advised on antitrust aspects of the deal.

The deal closing is subject to customary approvals.

LEGAL DESIRE NEWSLETTER

Where the legal industry reads first.

Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.

No spam. Unsubscribe anytime.

From Legal Desire

Is your firm the one being cited, or the one being skipped?

We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.

Lawyers and firms: get featured on Legal Desire

Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.

Get featuredSubmit a press release
See the full deal record on DealDatabase
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
Legal Desire Press
https://legaldesire.com/about-us/
Our editorial team that covers judgments, deals, law firm updates, careers and policy across the globe. Coverage is editorially independent; sponsored posts are labeled Partner Content.

Leave a Reply

Your email address will not be published. Required fields are marked *