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Spokesman: Slim not looking at Repsol stake

Wednesday, November 20, 2013

Mexican billionaire Carlos Slim is not looking to purchase a 10 percent stake in Spanish oil company Repsol, a spokesman said on Tuesday, disputing a report in a Spanish newspaper.

Spain's ABC newspaper said that Mexico's state-run oil monopoly Pemex wants Slim to buy a stake in Repsol and join it in a new investor alliance in the major oil company.

A Pemex spokesman also denied any push to buy a larger stake in the Spanish company beyond the 9.4 percent that Pemex already owns.

Source: Reuters