The new entity will be majority-owned by NEO Energy with a 55% stake, while Repsol will hold 45%. Repsol expects the merger to generate over $1bn in synergies, significantly boosting cash flow and shareholder returns. The transaction is expected to close by September and follows Repsol's move last year to gain full control of its previous North Sea joint venture with Sinopec, ending a years-long arbitration process. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today.
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