Spain's Caixa Group may sell Repsol stake, streamline assets -FT

April 9, 2015 9:51 PM

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April 9 (Reuters) - Spain's Caixa Group may sell its 12 percent stake in oil group Repsol SA because it does not consider it strategic to its plans, Caixa Chairman Isidro Faine said in an interview with the Financial Times.

The stake sale would simplify the complex web of shareholdings that Caixa Group has accumulated over the years and help transform its controlling shareholder, Caixa bank, into a pure-play retail bank, the FT reported. (

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