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Sacyr sells full stake in Repsol and options on Repsol shares

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MADRID (Reuters) – Spanish construction firm Sacyr said on Monday it sold its entire stake in Repsol (BME:REP) as well as options it held on shares of the Spanish oil company for an unspecified amount.

Sacyr, which teamed up with state-owned oil company PEMEX more than a decade ago in a bid to control Repsol, sold its shares on the market during the past weeks, a spokesperson for the company said on Monday.

He declined to say how much the sale was worth.

The company said it cleared a 563 million euro ($603.65 million) financial debt related to the derivatives on the shares.

According to financial data provider Refinitiv, the 2.96% Sacyr held in Repsol was worth 695 million euros as of Friday market close.

($1 = 0.9327 euros)

Sacyr sells full stake in Repsol and options on Repsol shares

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