By Christopher Bjork 
 

MADRID-Spanish oil company Repsol SA (REP.MC) said Thursday it expects its $8.3 billion takeover of Talisman Energy Inc. (TLM.T) to close May 8, after the deal cleared all necessary regulatory hurdles.

Repsol's shareholders are set to vote to approve the takeover Thursday, one of the largest by an oil company since crude prices began to tumble late last year.

The acquisition, which also includes $4.7 billion in debt, will almost double Repsol's oil output and sharply increase its exposure to the U.S., Canada, Southeast Asia and the North Sea.

In 2014, Repsol had a daily hydrocarbon production of 355,000 barrels of oil equivalent, while Talisman produced 301,000 barrels a day, according to a Thursday regulatory filing by Repsol.

Write to Christopher Bjork at Christopher.Bjork@wsj.com

Access Investor Kit for Talisman Energy, Inc.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=CA87425E1034

Subscribe to WSJ: http://online.wsj.com?mod=djnwires