Repsol to consider YPF compensation offer from Argentina

|About: Repsol S.A. (REPYF)|By:, SA News Editor

Repsol's (REPYF) board is due to decide tomorrow whether to accept a compensation proposal from Argentina for the nationalization of the oil company's 51% stake in YPF (YPF) in April 2012.

Repsol would receive "liquid assets", with Spanish publication El Confidencial reporting that the offer includes $5B of Argentina-backed debt. Repsol initially demanded $10.5B in compensation.

The firm's shares are +3.75% in Madrid.