Repsol YPF Chief Executive Antonio Brufau said Tuesday in Moscow that the company is in no rush to sell a 10% stake acquired from Sacyr-Vallehermoso SA (SYV.MC).

The Repsol stake at some point will be sold to certain institutional or strategic investors rather than on the open market, Brufau told journalists in Moscow.

Brufau is in Russia to sign a joint venture with Sweden-listed Alliance Oil Ltd. (AOIL-SDB.SK).

-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 232-9192, jacob.pedersen@dowjones.com

(William Mauldin in Moscow contributed to this article.)