Repsol Considers Sale of 10% in Brazil Unit, Economista Says

Repsol YPF SA (REP) is considering the sale of a 10 percent stake in its Brazilian unit as part of its strategic plan for 2012 to 2016, El Economista said, citing unidentified people with knowledge of the matter.

The Madrid-based oil company may raise $2.2 billion from the transaction, the newspaper reported based on calculations from analysts at Citigroup Inc.

To contact the reporters on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Emma Ross-Thomas at erossthomas@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.