EUROPE

Pemex to exit major Repsol stake

MEXICAN oil company Pemex has agreed to sell a 7.9% stake in Spanish oil producer Repsol in a deal expected to fetch €2.2 billion ($A3.23 billion).

Blair Price

Citigroup and Deutsche Bank are expecting to complete the sale this week through an accelerated book build. "It ends a long relationship between Pemex and Repsol that had run into trouble in recent...

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