Deals
Repsol Rises to Four-Week High in Madrid on Stake Increase
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Repsol YPF SA, Spain’s largest oil company, rose to the highest in almost four weeks in Madrid on plans by Petroleos Mexicanos to boost its stake and join with the producer’s biggest shareholder to restructure management.
Repsol climbed 4.2 percent to 19.68 euros, the highest closing price since Aug. 3. Pemex, as the Mexican state-owned oil producer is known, will boost its stake by 5 percent after agreeing to vote as a bloc with Repsol shareholder Sacyr Vallehermoso SA. Sacyr jumped 12 percent to 5.26 euros.