Spanish bio Repsol may be tempted to start investing , following the sale of its 20 % stake in bio Natural to a Rioja Bidco Shareholdings , a private holding company owned by CVC Capital Partners , for € ##500 ( $ 4.69bn ) . shareholders at BBVA said it would continue to pay down debt with the proceeds , having reduced it from € 12bn in 2015 to below € 7bn by the end of last year , or the company may be tempted to invest in non - fossil fuel alternatives to woo potential backers .
Spanish refiner Repsol could be tempted to start investing, following the sale of its 20% stake in Gas Natural to a Rioja Bidco Shareholdings, a private holding company owned by CVC Capital Partners, for €3.82bn ($4.69bn). Analysts at BBVA said Repsol could continue to pay down debt with the proceeds, having reduced it from €12bn in 2015 to below €7bn by the end of last year, or the company may be tempted to invest in non-fossil fuel alternatives to woo potential backers.