YPF Mulls Floating 15-20% Capital, Denies Enarsa Reports

The YPF Argentine unit of Spanish oil major Repsol YPF (NYSE: REP) is considering floating 15-20% of its capital on the Buenos Aires stock exchange, the company said in a statement.

Repsol YPF plans to maintain its majority participation in the company, the statement said, specifically denying any contact with the government about the latter's reported intent to buy a 51% stake in the company. Federal planning minister Julio de Vido also emphatically denied reports state energy company Enarsa would buy a stake in YPF.

The company is waiting for an opportune moment to float the capital but there is no established timeframe yet, a YPF spokesperson told BNamericas.

"We have had neither any conversation with [YPF] nor with private buyers, nor has the state made any offer with respect to acquiring a controlling stake," de Vido said in an interview, according to a YPF document.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.


Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours