The Spanish government will do all it can to keep the oil firm Repsol "independent and Spanish," Industry Minister Miguel Sebastian said Thursday, amid rumours that Russian oil giant Lukoil was considering a swoop for up to a third of the company's stock, according to dpa. Spanish national radio reported that Lukoil was reportedly targeting a 20-per-cent stake in Repsol held by the construction company Sacyr Vallehermoso, which has been hit by Spain's construction crisis. Criteria, a holding company of La Caixa bank, meanwhile admitted that it had maintained "informal contacts" with an unidentified party about the possibility of selling all or part of its 12.5 per cent stake in Repsol. The shares of Sacyr Vallehermoso and Repsol went up by 4.15 and 3.4 per cent respectively after trading opened, following the news.
