Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.
Repsol is mulling the sale of its 30-per-cent stake in Gas Natural, the Spanish utility. The stake never made much industrial sense. The disposal could also bring the added benefit of unwinding the sometimes uneasy relationship between Repsol and its largest shareholder, Caixabank. Parting ways makes sense for all involved.