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Repsol wraps YPF sale, completes Argentina exit

  • Repsol (REPYY, REPYF) says it has completed its exit from Argentina and pocketed $6.3B in compensation and asset sales after the government's 2012 seizure of its YPF unit.
  • Repsol says it earned $5B from the sale of Argentine government bonds, which had been paid by the government in compensation over the YPF seizure; the final batch of bonds sold to investors had a face value of $117.4M.
  • Repsol also says it completed the sale of its remaining 12.34% stake in YPF for a total $1.31B; most of the stake had been sold to investors earlier this month.
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