Linklaters Advises Repsol on LNG Assets Sale to Shell, Spain
Linklaters has advised leading Spanish energy company Repsol on the US$6.653bn sale to Royal Dutch Shell of its liquefied natural gas (LNG) assets, which includes the minority stakes in Atlantic LNG (Trinidad & Tobago) Peru LNG and Bahia de Bizkaia Electricidad (Spain), as well as the LNG sale contracts and time charters with their associated loans and debt.
As a result of this transaction, which has generated $3.5bn pre-tax capital gain for Repsol, the company surpasses the divestment commitments outlined in its 2012-2016 strategic plan.
The Linklaters team was led by Alejandro Ortiz and Lara Hemzaoui (corporate, Madrid), and Matthew Hagopian (projects, London).
LNG World News Staff, February 28, 2013; Image: Canaport LNG