Repsol wraps YPF sale, completes Argentina exit

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

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.