Repsol to Acquire Eurotek for $230m - Repsol’s expansion in the Russian Federation Oil and Gas Market - Deal Analysis From GlobalData
Repsol to Acquire Eurotek for $230m - Repsol’s expansion in the Russian Federation Oil and Gas Market - Deal Analysis From GlobalData
Summary
Repsol YPF, S.A. (Repsol) agreed to acquire Eurotek OJSC (Eurotek), a company which holds exploration and production (E&P) licenses in West Siberia, for a purchase consideration of approximately $230m, on a debt-free, cash-free basis. The transaction has been pre-approved by Russia’s Federal Antimonopoly Service. Barclays Capital Inc. is acting as financial advisor while DLA Piper LLC is acting as legal advisor to Repsol in the transaction. The acquisition will enable Repsol to expand its oil and gas properties in Russia. The acquisition is subject to receipt of necessary governmental approvals.
Scope
Reasons to buy
Summary
Repsol YPF, S.A. (Repsol) agreed to acquire Eurotek OJSC (Eurotek), a company which holds exploration and production (E&P) licenses in West Siberia, for a purchase consideration of approximately $230m, on a debt-free, cash-free basis. The transaction has been pre-approved by Russia’s Federal Antimonopoly Service. Barclays Capital Inc. is acting as financial advisor while DLA Piper LLC is acting as legal advisor to Repsol in the transaction. The acquisition will enable Repsol to expand its oil and gas properties in Russia. The acquisition is subject to receipt of necessary governmental approvals.
Scope
- Rationale behind Repsol acquiring Eurotek in Russia
- Stratigic benefits for the companies involved in the transaction
- Geography covered - Russia
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in the Russian Oil and Gas industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Russian Federation oil & gas market
Contents
1 TABLE OF CONTENTS1.1 List of Tables
1.2 List of Figures
2 REPSOL TO ACQUIRE EUROTEK FOR $230M
2.1 Deal Overview
2.2 Deal in Brief
2.3 Repsol’s Acquisition of Eurotek to Expand Exploration and Production Operation in Russia
2.4 Deal Financials and Valuations
3 APPENDIX
3.1 Methodology
3.2 Contact Us
3.3 Disclaimer
LIST OF TABLES
Table 1: Repsol YPF, S.A and its subsidiaries, Major E&P Investments, 2010–2011
Table 2: Russian Federation, Major deals, 2011
Table 3: Companies Involved
Table 4: Financials of the Deal
Table 5: Advisor Information
Table 6: Target Information
Table 7: Acquirer Information
LIST OF FIGURES
Figure 1: Russian Federation, Alliance Repsol Oil and Gas Joint Venture Company, 2P Reserves, MMboe, 2010 Skip to top