Member access

4-Traders Homepage  >  Shares  >  Mercado Continuo Espanol  >  Repsol SA    REP   ES0173516115

REPSOL SA (REP)

143
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Repsol Chairman: YPF Expropriation Seeks To Cover Argentina Crisis

04/17/2012 | 04:53am US/Eastern

The chairman of Spanish flagship energy firm Repsol YPF SA (>> Repsol YPF SA) blasted Argentina's decision to expropriate local unit YPF SA (YPF), describing the government's move as part of an effort to cover the rapid deterioration of the country's economy and an unsustainable energy policy.

Argentina's government forcefully intervened in YPF Monday and vowed to pass a law expropriating 51% of the company that accounts for more than half of Repsol's daily hydrocarbons output. Repsol has a 57.4% stake in YPF.

Repsol Chairman Antonio Brufau said at a press conference Tuesday that the Argentine government sought to lower the value of YPF shares before its formal expropriation, announced Monday.

"We will seek full compensation for YPF," Brufau said.

-By Ilan Brat, The Wall Street Journal, +34-91-395-8125, ilan.brat@wsj.com

Stocks mentioned in the article : Repsol YPF SA
React to this article
Latest news on REPSOL SA
03/26DJRepsol Chairman Antonio Brufau to Hand Remaining Powers to CEO
03/26 PERA GROU : Perla gas, condensates field to start in July: PdV
03/26 REPSOL : The Board approves to call the AGM for next April 30, 2015, and the fin..
03/20 Top oil companies raise more debt than ever in 2015
03/18 REPSOL : Finance BV. closes two Hybrid Bond issuances for a total amount of €2,0..
03/18 Conoco to cut 7 percent of Canadian workforce
03/18 Canada's Talisman Energy to cut up to 15 percent of head office jobs
03/18 Talisman Energy cuts up to 200 jobs, mostly in Calgary head office
03/13 Insight - Its red shirts fading, Venezuela's oil giant embraces pragmatism
03/13 Its red shirts fading, Venezuela's oil giant embraces pragmatism
Advertisement
Chart
Duration : Period :
Repsol SA Technical Analysis Chart | REP | ES0173516115 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF