Talisman Energy Says It’s Been Approached by Repsol

Talisman Energy Inc. said it has been approached about “various transactions” by Repsol SA, as Spain’s largest oil company looks for acquisitions to fuel growth outside its home market.

Repsol is exploring a bid for Talisman after identifying it as a top target, people with knowledge of the matter said yesterday. It is working with JPMorgan Chase & Co. as it evaluates a possible deal, one of the people said, asking not to be identified discussing private matter.