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Repsol solves the week with a drop of 15% and dodges the threat of a takeover bid



It is one of the listed companies most sensitive to a possible purchase offer, due to the absence of reference shareholders. Repsol In recent weeks, it has become one of the focuses of interest, due to the feasible interest of unwanted buyers. However, the Government's decision to Pedro Sánchez from Restricting takeover bids (takeover bids) from strategic companies gives a clear breather to energy companies.

In the last week, the company chaired by Antonio Brufau it has cut its stock market value by 15% (to 6.17 euros per share). However, it still has the interest of investors. It is, according to the Minister for the Ecological Transition, Teresa Ribera of "normal shareholder changes".

It is not, therefore, a hostile approach. In this sense, the Executive approved last week that no entity that does not belong to the European Union can launch a takeover bid on companies in strategic sectors such as energy, taking advantage of recent stock market declines.


The fourth vice-president of the Government thus referred to JPMorgan, which has significantly strengthened its capital, after revealing that it amounts to 6.8% through financial derivatives over 4.73%. Specifically, as recorded in the CNMV, the entity has been present in the oil company since June 2014, when it broke in with 3.2%.

Other firms, on the other hand, have slightly reduced their presence in the company led by Josu Jon Imaz. Is about Norges Bank, which has slightly reduced it this Friday, from 3.117% to 3.06%. They stay so long ahead BlackRock, with 4.9%; how Sacyr, its main shareholder, which reaches 8.2%.

While JPMorgan has shown its confidence in Repsol, Barclays experts lowered the target price of all oil companies, including Spain, on Thursday after the collapse of oil prices. In his case, he lowers the target price from 17 to 10 euros, with the advice of 'underweight'.

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