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Argentina presents bill to take over Repsol's YPF
April 16, 2012 / 4:16 PM / 5 years ago

Argentina presents bill to take over Repsol's YPF

BUENOS AIRES, April 16 (Reuters) - Argentina’s government said on Monday it will present a bill to the Senate aimed at taking control of the country’s biggest oil company, YPF , which is controlled by Spain’s Repsol.

The bill would allow the government to expropriate 51 percent of YPF shares. Forty-nine percent of those shares would be put in the hands of oil-producing provinces.

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