Pemex Seeks Repsol Shareholder Pact With Caixa, Expansion Says

Petroleos Mexicanos is seeking a shareholder pact with La Caixa to combine their voting rights in Repsol YPF SA (REP), Expansion reported, citing unidentified people with knowledge of the matter.

The Mexican company wants to strengthen its position in Repsol after its shareholder pact with Sacyr Vallehermoso SA (SYV) was canceled, the newspaper said.

Pemex holds 9.49 percent of Repsol and La Caixa 12.8 percent, Expansion added.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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