Spanish major Repsol said Wednesday it has increased its target for annual synergies, with the 2014 acquisition of Canada's Talisman Energy, to $400 million. Prior to Repsol's $8.3 billion purchase of Talisman, it was targeting $220 million of savings from synergies annually (OD Oct.16'15). This was increased to $350 million in Repsol's strategic plan out to 2020 and has now been raised again to $400 million.
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