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CEO Coastal Eng

1,056.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Coastal Eng LSE:CEO London Ordinary Share KYG224041189 COM SHS USD0.04 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,056.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Repsol: Cnooc Had Never Shown Interest In Buying YPF Stake

26/08/2009 12:53pm

Dow Jones News


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Chinese oil company Cnooc Ltd. (CEO) has never shown interest in acquiring Repsol YPF SA's (REP) majority stake in Argentine oil company YPF, a Repsol press official said Wednesday.

Earlier Wednesday, Cnooc Ltd. (CEO) Chairman Fu Chengyu said his company has no intention to bid for YPF.

Repsol earlier in August had said the company "has received expressions of interest on YPF, but no firm bid," but didn't specify who had expressed interest.

A report on Dow Jones Newswires on August 10, citing two people close to the matter, said China National Petroleum Corp. and Cnooc Ltd. proposed paying at least $17 billion for Repsol's stake in YPF.

"Cnooc was never among the companies that have expressed interest," the Repsol press official said Wednesday.

The official added that Repsol still hasn't received any firm offer for the YPF stake. The company has long said it wants to reduce its 84% stake in YPF.

Repsol shares fell 2.5% to EUR17.29 at 1106 GMT, while Madrid's IBEX-35 index was down only 0.69%.

Company Web site: www.repsol.com

-By Bernd Radowitz, Dow Jones Newswires, +34-91-395-8125, djmadrid@dowjones.com;

(Yvonne Lee in Hong Kong contributed to this report)

 
 

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