Argentina's billionaire Eskenazi family risks default on more than $2B of debt after the...

|By:, SA News Editor

Argentina's billionaire Eskenazi family risks default on more than $2B of debt after the government seized control of YPF and said dividends probably would be reinvested. The family's Petersen Group, which owns 25% of YPF, owes Repsol (REPYY.PK) $1.9B; it counted on YPF dividend payments of as much as 90% of profit to repay Repsol and ~$680M of loans with banks including Citigroup (C).