Repsol adds CEO as market braces for Argy bond sale

Repsol adds CEO as market braces for Argy bond sale

People

Josu Jon Imaz has been named chief executive at Repsol, a new post for the Spanish company which recently settled with Argentina over the expropriation of YPF. Imaz had been in charge of the Spanish oil firm’s industrial division. The announcement comes as investors await Repsol’s sale of $5bn of Argentine sovereign bonds into the secondary market. The Argentine government agreed in February to pay Repsol in dollar-denominated bonds for its acquisition of 51% of YPF. The agreement put to rest a

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