Argentina’s Congress overwhelmingly approves takeover of YPF oil company from Spain’s Repsol
04 May 2012 @ 17:46
BUENOS AIRES, Argentina — Argentina’s takeover of its formerly state-owned energy company from Spanish shareholders won easy approval from legislators Thursday night.
Congress’ lower house voted 207-32 to give the force of law to what President Cristina Fernandez surprisingly decreed two weeks earlier: the expropriation of the Spanish company Repsol SA’s $10.5 billion stake in the YPF oil company, without a single centavo paid in advance.
Source: Washington Post
Please leave a comment about this post. You don't have to be registered to leave a comment.