REPYF - Repsol hires J.P. Morgan to spin off renewables unit - report

Repsol ([[REPYF]], [[REPYY]]) has hired J.P. Morgan to spin off as much as a 49% stake in its renewable energy unit as early as June, El Confidencial reports.The Spanish energy company is considering selling or listing the division as soon as June, and the entire unit could be valued at as much as €4B ($4.81B), according to the report.Repsol CEO Josu Jon Imaz said in November that he aimed to sell a stake in a new low-carbon unit to be dominated by renewables within two years.

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Repsol hires J.P. Morgan to spin off renewables unit - report