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Elliott Management increases stake in Repsol to 1.35%, equivalent to investment of almost €200 million
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The bassists have accumulated short millionaire positions in Repsol in a context marked by the downward trend in the price of oil. Despite the fact that the company led by Josu Jon Imaz advances in the market in a positive way, the geopolitical scenario and the decisions of the crude producing countries give wings to the opportunistic funds that seek profit in the potential fall of the Spanish oil company. The company has attracted some of the m…
Elliott Management increases stake in Repsol to 1.35%, equivalent to investment of almost €200 million
The Corner Link Securities | Activist fund Elliott Management, which last March burst onto the scene by acquiring a stake in Repsol, Spain’s leading oil company, continues to climb the ranks, Expansión reports today. According to National Securities Market Commission (CNMV) records, it now holds 1.35% of Repsol’s capital, which at current prices is equivalent to an investment of almost €200 million. In half a dozen successive transactions since …
The activist Elliott Management fund, which broke into Repsol’s capital, the first Spanish oil company, last March, continues to climb positions. According to the...
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