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Repsol reportedly near final YPF compensation with Argentina

  • Repsol (REPYY, REPYF) is close to reaching an agreement with Argentina on final terms of a compensation package for the seizure of its YPF unit two years ago, Bloomberg reports.
  • The proposed compensation is centered on Argentine government bonds, and the negotiating teams intend to have final terms ready for presentation at a Feb. 26 Repsol board meeting, and pending approval then could be delivered to shareholders in March, the report says.
  • Argentina may feel that settling the dispute will help the country attract more companies to develop its shale fields, among the world’s largest.
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