Argentine Exec Heard Targeting YPF Stake

Argentine Exec Heard Targeting YPF Stake

Argentina

A group led by Argentine executive Enrique Eskenazi is rumored to be lining up a bridge loan to acquire a 25% stake in YPF, the Argentine subsidiary of Spanish oil and gas behemoth Repsol YPF. Bankers away from the deal say the financing is apparently being led by Credit Suisse and is estimated at $4bn. YPF's market cap was quoted by Economatica at ARP48.7bn Thursday, which would make a 25% stake worth roughly $3.89bn. The deal has been in discussion for months, according to local press reports,

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