Repsol Denies Argentinian Advances

Repsol YPF has denied having received any indication from the Argentine government that it is supposedly acquiring 51% of YPF's capital. This news has also been denied by the Argentine Planning Minister, Julio De Vido, who strongly stated that there does not exist any such plan on the part of the Administration of Nestor Kirchner.

Repsol YPF Chairman Antonio Brufau recently ratified in Buenos Aires that Repsol YPF will maintain a clear majority stake in YPF, and announced just last week in a webcast with international analysts that the company could sell between 15% to 20% of its capital in YPF under optimal market conditions, and which would be aimed at private investors.

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Posted 15/05/06

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