Repsol (REPYY.PK +4.6%) shares jump after Spanish Foreign Minister Jose Manuel Garcia-Margallo...

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

Repsol (REPYY.PK +4.6%) shares jump after Spanish Foreign Minister Jose Manuel Garcia-Margallo reportedly predicted his government will reach a deal with Argentina over YPF, the oil producer's Argentine unit which was expropriated in April. Under the World Bank process Repsol initiated in May, Argentina has six months to negotiate a settlement.