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Montevideo, September 23rd 2023 - 23:32 UTC

Tag: peme

  • Thursday, November 28th 2013 - 11:02 UTC

    Repsol board backs compensation deal offered by Argentina for seized YPF

    Cristina Fernandez seized a majority stake in YPF from Repsol in April 2012

    Spanish oil group Repsol's board Wednesday backed a draft multi-billion-dollar compensation deal over Argentina's 2012 seizure of the company's YPF subsidiary. The deal seeks to repair the financial hit taken by Repsol when Argentina's President Cristina Fernandez in April 2012 ordered the seizure of Repsol's 51-percent stake in YPF.