Goals of a Financial Manager In 2012, the Argentinian government nationalized YPF, which is a subsidiary of
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Goals of a Financial Manager 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 and, every year, more than €527 million of dividends were paid to the parent company. If you were 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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