The plan of Spain’s oil and gas major Repsol to sell its 30 per cent stake in Spanish gas utility Gas Natural Fenosa (GNF) has reportedly attracted interest from six companies from across the world. These are France’s energy firms EDF Energy and GDF Suez; Singapore-based investment company Temasek; Algeria’s state-owned oil and gas firm Sonatrach; US-based energy firm Alpha; and China’s state-owned petrochemical firm Sinopec. In July 2013, Repsol officials had stated that the company would consider selling its 30 per cent stake in GNF, citing the lack of an economic rationale for holding a stake in GNF since the sale of its global LNG assets to Netherlands-based Royal Dutch Shell, as a reason. Meanwhile, GNF had reportedly asked Sonatrach to buy a part of Repsol’s stake in early September 2013.
