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Spain's Repsol agrees to sell Gas Natural stake to CVC

Reuters - UK Focus

MADRID, Feb 22 (Reuters) - Spain's Repsol (Amsterdam: RP6.AS - news) said on Thursday it had reached an agreement with Rioja Bidco Shareholdings, controlled by private equity firm CVC Capital Partners (IOB: 0QOQ.IL - news) , to sell its 20.07 percent stake in Gas Natural (Frankfurt: 38G.F - news) for 3.82 billion euros ($4.69 billion).

The price was equivalent to 19 euros per share, Repsol said in a statement. Capital (Other OTC: CGHC - news) gains from the sale were around 400 million euros, it said. ($1 = 0.8150 euros) (Reporting By Sonya Dowsett; Editing by Paul Day)