STOCKS NEWS EUROPE-Sacyr up as Repsol sale looks near

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09:34GMT 21Nov2008-Sacyr up as Repsol sale looks near

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Shares in Sacyr Vallehermoso (SVO.MC) climb more than 16 percent as the sale of its 20 percent stake in Spanish oil giant Repsol YPF (REP.MC) looks closer after joint shareholder La Caixa confirmed talks with Russian oil major Lukoil (LKOH.MM).

"It looks like the deal will go forward. The government is leaving the door open (for Lukoil), and the market is betting that Sacyr is going to get a good price for the stake," a Madrid-based trader says.

Share trading in Repsol and La Caixa holding company Criteria (CRIT.MC) are suspended ahead of the announcement but are due to resume from 0945 GMT.

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