Spain's Repsol Completes Exit From Argentina
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)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
- Repsol Says Drilling Suspended On Vietnam Oil Block Disputed By China (Aug 02)
- China Urges Halt To Oil Drilling In Disputed South China Sea (Jul 25)
Company: YPF SA more info
- Argentina's YPF To Invest $21.5B From 2018 To 2022 (Oct 25)
- Indigenous Mapuche Thwart Argentina Shale Development (Sep 08)
- Argentina's YPF CEO Resigns, 6-Member Exec Committee To Run Firm (Aug 28)