In 2012, the Argentinian government nationalized YPF, which is a subsidiary of Repsol, the Spanish oil giant.

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In 2012, the Argentinian government nationalized YPF, which is a subsidiary of Repsol, the Spanish oil giant. YPF was integral to the operations of Repsol. The firm was set up 10 years earlier, and had received more than €20 billion of capital investment from Repsol. The benefits to Repsol’s shareholders from YPF were large the financial manager of YPF, how do you think your goals would change as a result of the change of owners (i.e. from Repsol to the Argentinian government)?

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Corporate Finance

ISBN: 9780077173630

3rd Edition

Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe

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