Common Contracts

Official Notice

Termination Agreement • September 12th, 2016

• Contract Type
  Termination Agreement
• Filed
  September 12th, 2016

Repsol, S.A. (“Repsol”) and Criteria Caixa, S.A.U. (“Criteria”) have reached an agreement today with GIP III Canary 1 S.À R.L (“GIP”), a corporation controlled by Global Infrastructure Management LLC, to sell a combined 20% stake in Gas Natural SDG, S.A. (“Gas Natural”) for total aggregate consideration of 3,802,619,492 euros. Each of Repsol and Criteria, respectively, are selling 100,068,934 shares, representing 10% of Gas Natural´s share capital, for consideration of 1,901,309,746 euros, based on a price of 19 euros per share. The capital gain that this disposition generates for Repsol Group is approximately 246 million euros.