Mexico's Pemex sells majority of its Repsol stake
Mexico's state-owned oil giant Pemex has sold the majority of its stake in Spanish energy firm Repsol for approximately 2.2bn euros ($3bn; £1.8bn).
Pemex has been a shareholder in Repsol for more than 25 years.
But the relationship has been under pressure since 2011 when Pemex backed a failed bid by Spanish construction group Sacyr to take control of Repsol.
And recently Repsol appointed a chief executive not supported by Pemex.
Pemex, which is Repsol's third-biggest shareholder, sold 104 million shares, or 7.9% of Repsol's total market share.
The sale was revealed in a regulatory filing by Repsol.
Mexican President Enrique Pena Nieto is due to make his first official visit to Spain next week.