Repsol sells Colombian oil and gas assets for $530 million
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Repsol has agreed to sell its oil and gas production assets in Colombia to Geopark for $530 million.
November 29, 2024 | 8:15 am
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Repsol is selling its Colombian oil and gas assets to Geopark for $530 million, which could streamline its operations and improve its financial position.
The sale of assets is likely to positively impact Repsol's financials by providing a cash influx and allowing the company to focus on other strategic areas. This could lead to a short-term positive impact on the stock price.
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