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Argentina's government concluded its takeover of YPF by naming a new chief executive and...

Argentina's government concluded its takeover of YPF by naming a new chief executive and directors, although YPF's former owner - Spain's Repsol (REPYY.PK, REPYF.PK) - kept one seat on the board. Company shares will continue to trade at the Buenos Aires stock exchange and in New York.
Comments (5)
  • Government sponsored theft. Argentina should be off limits to any business that wants to hold its assets.
    5 Jun 2012, 10:43 AM Reply Like
  • Sponsored ??????!!!!
    Sofar no money was paid to Repsol . So just a theft.
    5 Jun 2012, 12:54 PM Reply Like
  • I totally agree. Sponsored was a bad word choice. Theft on the other hand is too kind for what Argentina is doing.
    5 Jun 2012, 01:03 PM Reply Like
  • so does that mean Repsol will get back what they paid for the assets, or is this a ploy? i am unaware of any compensation agreed?
    5 Jun 2012, 11:48 AM Reply Like
  • This is the main reason why no company wants to invest in Argentina.
    5 Jun 2012, 12:12 PM Reply Like
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