REPYF - Spain's top court to probe Repsol CaixaBank in alleged spying case

imaginima/E+ via Getty Images Spanish oil producer Repsol ([[REPYF]], [[REPYY]]) and lender CaixaBank (CAIXY) will be formally investigated by the country's National Court for their alleged role in a corporate spying case. The move is part of a broader probe into spying at Spanish companies in which Iberdrola's chairman was named as a suspect last month, while Repsol Chairman Antonio Brufau and former CaixaBank Chairman Isidro Faine were placed under investigation earlier this year. The court alleges that companies hired a firm a decade ago to spy on Sacyr's former chairman after he reached an agreement with Mexican oil producer Pemex to take over Repsol; CaixaBank was one of the oil company's top shareholders at the time. Repsol said recently it would launch a new financing strategy to fund its move towards becoming a carbon neutral company by 2050.

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Spain's top court to probe Repsol, CaixaBank in alleged spying case