Repsol sells its remaining 12% stake in YPF
Repsol has sold its remaining 12% stake in Argentine company YPF for $1.25bn. The Spanish oil company used to own a controlling share of the company after it was privatised in the late 1990s and before the Argentine government nationalised 51% of YPF two years ago, taking a significant portion of Repsol’s stock in the process. Repsol recently received a $5bn settlement from the Argentine government for YPF’s expropriation.
News Item details
Journal title: Petroleum Review
Keywords: Company news
Countries: Argentina - Latin America -
Subjects: Economics, business and commerce
