Repsol to Acquire Eurotek for $230m - Repsol’s expansion in the Russian Federation Oil and Gas Market - Deal Analysis From GlobalData
Repsol YPF, S.A. (Repsol) agreed to acquire Eurotek OJSC (Eurotek), a company which holds exploration and production (E&P) licenses in West Siberia, for a purchase consideration of approximately $230m, on a debt-free, cash-free basis. The transaction has been pre-approved by Russia’s Federal Antimonopoly Service. Barclays Capital Inc. is acting as financial advisor while DLA Piper LLC is acting as legal advisor to Repsol in the transaction. The acquisition will enable Repsol to expand its oil and gas properties in Russia. The acquisition is subject to receipt of necessary governmental approvals.
Rationale behind Repsol acquiring Eurotek in Russia
Stratigic benefits for the companies involved in the transaction
Geography covered - Russia
Reasons to buy
Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in the Russian Oil and Gas industry,
Identify the most lucrative segments to leverage on the growth oppurtunities available in the Russian Federation oil & gas market