Member access

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

REPSOL SA (REP)

138
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
01/24 Spain's Sacyr refinances debt linked to Repsol stake
01/23 Oil majors to preserve dividends despite oil collapse, tap debt
01/19DJREPSOL : Boosts Output, Refining Margins in Fourth Quarter
01/19 REPSOL : publishes provisional information for the fourth quarter of 2014
01/19 REPSOL : completes its exploration well in the Canary Islands
01/19 REPSOL : Completes Its Exploration Well In The Canary Islands
01/17 REPSOL : strikes out at Canary Island offshore drill
01/17 REPSOL : Completes Exploration Well in the Canary Islands
01/17 REPSOL : Abandons Oil and Gas Exploration Off Canary Islands
01/16 REPSOL : Spains Repsol ends Canary oil exploration
Advertisement
Chart
Duration : Period :
Repsol SA Technical Analysis Chart | REP | ES0173516115 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF