Repsol is trading at €29.45, up 4.21%, after Spain’s National High Court temporarily suspended the company’s €120.3 million energy-levy payment for 2024 while considering its appeal.
- The suspension is conditional on a sufficient bank guarantee.
- The ruling delays enforcement but does not cancel the tax.
- EFE reported Repsol shares rose more than 2.5% after the suspension; energy was down, providing weaker sector context.