Spain's Repsol Completes Exit From Argentina

Reuters

MADRID, May 23 (Reuters) - Spanish oil major Repsol on Friday said it had completed the sale of all its assets in Argentina after the sale of the remaining Argentine bonds it held, with a nominal value of $117.36 million, to JP Morgan Securities.

The firm has obtained a total $5 billion in compensation for the nationalization of its majority stake in YPF In 2012, it said in a statement to Spain's stock market regulator.

Repsol also said it had sold the 0.48 percent stake of YPF that it still owned following the sale of a 11.86 percent earlier this month. It obtained a total $1.31 billion from the two placements, it said.

(Reporting by Jose Elias Rodriguez; Writing by Julien Toyer; Editing by Paul Day)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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