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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs