Repsol reportedly near final YPF compensation with Argentina

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

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.