Repsol holders push for negotiations with YPF

6/19/2013

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

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