SeaEnergy Falls 44% on Agreement to Sell Wind Unit to Repsol

SeaEnergy Plc fell the most in seven years after the Aberdeen-based renewable energy company agreed to sell its offshore wind unit to Repsol YPF SA, Spain’s largest oil company, for about 50 million pounds ($82 million).

SeaEnergy shares tumbled 44 percent on London’s AIM market to 39.25 pence (64 cents), the biggest decline since March 2004. Today’s drop pared gains by SeaEnergy this year to 67 percent.