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.

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