YPF Nationalization Plan Put in Motion

YPF Nationalization Plan Put in Motion

Argentina Europe M&A

Argentina has followed through with plans to take control of oil company YPF, sending congress a bill to nationalize 51% of the oil producer and issuing a presidential decree establishing immediate temporary government control, according to wire and local news reports. An Argentine court is to determine how much the authorities would have to pay for the stake, and the current board of directors will be removed. “While in the short term we could see higher investment and oil production, over the

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