Repsol plans special dividend

Spanish oil and gas giant Repsol said yesterday that it is asking its board of directors to approve a €1 per share special dividend, spending €1.3bn of funds raised from its recent withdrawal from Argentina. Repsol has raised more than $6bn in recent weeks after selling Argentine bonds received in compensation for the country's seizure of a majority stake in energy company YPF in 2012 and the sale of remaining YPF shares.