Slim downplays meaning of YPF shares deal: “it was the exercise of a financial guarantee”
Carlos Slim Domit, son of tycoon Carlos Slim who recently acquired 8.4% of the shares of YPF oil company, confirmed on Monday that their arrival “was not a share purchase but the exercise of a financial guarantee,” which they have been working on in the last four years.
The heir of the world’s richest man (according to Forbes Magazine) stated that “our presence in YPF is not as it was presented in Argentina.”
The Argentine administration confirmed the information on Friday as a strategic purchase made by Slim and President Cristina Fernández considered it as “good news.”
“It was not a purchase, but we exercised the guarantees which were held by the banks, after Grupo Petersen (which belongs to the Eskenazi family) failed to pay a loan given to them in order to enter into YPF” he explained.
Last week it was announced that one of Slim’s companies bought 8.4% of YPF shares, according to the information provided by the oil company, 51% of whose shares was seized by the Argentine state from the Spanish company Repsol last April.
The Mexican businessman stated it is “a long-term investment in one of the most relevant companies of the hydrocarbon sector in Latin America” and he pointed out that the company has a “big potential.” The price tag was 343.9 million dollars.
“In Argentina it was shown as a purchase within the new structure of the company, but we have been working on this for four years,” said Slim Domit.
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Will she never learn that lies always come home to roost!!!
Slim has distanced himself from CFK's statement. The woman is a liar.
CFK's entire career and time in power is built off nothing but pure lies and misinformation.
Just another day in office for CFK and the Argentine people.........
YPF, Boudou, Presidential jet for her son with sore knee,the woman has no shame.
@1 Simon68 @2 Self Determination@3 Xect
@4 Self Determination ......all whimpy loosers....hahaha
CAN YOU READ? SEE ARTICLE ABOVE.....
The good news,is Ypf needs $35 billion over 5years, you've got no chance of getting it.Existing oil fields are running down and you need to import more.When the dollars run out you're going to be cold and fecked.
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