The three largest shareholders of Spain's Repsol SA (REPYY, REP.MC) are pressing the oil company's chairman, Antonio Brufau, to resume negotiations with Argentina's YPF SA (YPF, YPFD.BA) after the South American government seized a controlling stake in YPF from Repsol last year, reports Expansion on its website Thursday.
The three largest shareholders
of Spain's Repsol SA (REPYY, REP.MC) are pressing the oil company's chairman,
Antonio Brufau, to resume negotiations with Argentina's YPF SA (YPF, YPFD.BA)
after the South American government seized a controlling stake in YPF from
Repsol last year, reports Expansion on its website Thursday.
La Caixa, Sacyr-Vallehermoso SA (SYV.MC) and Petroleos Mexicanos, or 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.
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