Slim out of running for Repsol

Mexican billionaire Carlos Slim is not looking to purchase a 10 per cent stake in Spanish oil company Repsol, spokesman Arturo Elias Ayub said yesterday. Spain’s ABC newspaper reported earlier yesterday that Mexico’s state-run oil monopoly Pemex wants Slim to buy a stake in Repsol and join it in a new investor alliance in the oil major. Asked if Slim’s companies were looking to buy a 10 per cent stake in Repsol, Elias said, “No.”