Repsol holders push for negotiations with YPF
BY ENZA TEDESCO
BUENOS AIRES -- The three largest shareholders of Repsol are pressing the oil company' s chairman, Antonio Brufau, to resume negotiations with Argentina' s YPF after the South American government seized a controlling stake in YPF from Repsol last year, reports Expansion on its website.
La Caixa, Sacyr-Vallehermoso and Pemex, which own 12.23%, 9.52% and 9.37% of Repsol, respectively, want to avoid prolonging a judicial battle already in place for over a year, the newspaper adds.
Pemex, which is eyeing growth opportunities in Argentina, has suggested that if Repsol' s top management is not on the same page as the Mexican firm, it would be willing to leave the Spanish oil company.
Dow Jones Newswires