Two sources with knowledge of the situation said that talks between Aramco, the Saudi state oil company, and Repsol Renewables have reached a deadlock. One source said that the talks about the potential investment of 1 billion euros ($1.2 billion) have come to an end and there is no plan at this time to revive them. The talks began last year when it was reported that Repsol received an unsolicited offer for a minor stake in its Renewable Assets unit. Repsol sold its 25% stake in renewables to Credit Agricole, a French bank, and Energy Infrastructure Partners, a Swiss asset manager, for 905 millions euros. This deal valued the entire unit at 4,38 billion euros (including debt).