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Repsol runs out of gasoline due to doubts about the IPO of its renewables

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Repsol It has run out of gasoline on the stock market (-1%; 10.23 euros) due to the possible delay in the objective of listing its renewable energy subsidiary.

The advisers have recommended to the oil company that first seek the entry of an investment fund through a capital increase So what the IPO takes place within two years.

Thus, the objective would be finance your expansion plan and agree with the potential investor to sell this minority stake in the medium term.

Analysts Sabadell Bank they affirm that the search for an investor "it would make sense, given the degree of progress in Repsol's renewable assets. We understand that the entry of a minority partner would be adequate to finance growth in renewables, "they say.

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