Repsol Denies It Met CNPC, Cnooc On July 30 On YPF Sale
August 10 2009 - 6:19AM
Dow Jones News
Spanish oil firm Repsol YPF SA (REP) Monday denied it held a
meeting July 30 with China National Petroleum Corp. and Cnooc Ltd.
(CEO) over the sale of Repsol's Argentine unit YPF SA.
A Repsol press official earlier Monday had declined to comment
on whether such a meeting had been held.
CNPC and Cnooc have proposed paying at least $17 billion for all
of Repsol's stake in YPF, and discussed their offer with Repsol
executives on July 30 in Europe, two people close to the supposed
talks had said.
Company Web site: http://www.repsol.com
-By Bernd Radowitz, Dow Jones Newswires, +34-91-395-8125,
djmadrid@dowjones.com